Monday 12/8 Insider Buying Report: GV, HEES Monday, December 8, 4:31 PM ET
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Goldfield Corp. (GV), a filing with the SEC revealed that on Friday, CEO John H. Sottile bought 200,000 shares of GV, for a cost of $2.17 each, for a total investment of $434,000. Goldfield Corp. is trading up about 7.8% on the day Monday. Before this latest buy, Sottile made one other buy in the past twelve months, purchasing $7,429 shares at a cost of $2.12 each.
And also on Friday, COO Bradley W. Barber bought $226,875 worth of H&E Equipment Services (HEES), buying 7,500 shares at a cost of $30.25 a piece. Before this latest buy, Barber made one other purchase in the past twelve months, buying $230,037 shares at a cost of $30.67 a piece. H&E Equipment Services is trading down about 2.6% on the day Monday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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