Wednesday 1/14 Insider Buying Report: STRM, EBF Wednesday, January 14, 3:06 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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Monday, Streamline Health Solutions (STRM)'s CEO, David William Sides, made a $20,448 buy of STRM, purchasing 5,000 shares at a cost of $4.09 each. Investors have the opportunity to snag STRM at a price even lower than Sides did, with the stock changing hands as low as $3.64 in trading on Wednesday which is 11.0% under Sides's purchase price. Streamline Health Solutions is trading down about 1.8% on the day Wednesday. Before this latest buy, Sides purchased STRM on 6 other occasions during the past year, for a total cost of $178,320 at an average of $3.92 per share.
And at Ennis (EBF), there was insider buying on Monday, by Director Kenneth G. Pritchett who bought 1,372 shares at a cost of $12.80 each, for a total investment of $17,562. This purchase marks the first one filed by Pritchett in the past twelve months. Ennis is trading up about 1.8% on the day Wednesday.
For MarketNewsVideo.com, I'm Sayoko Murase.
|