Wednesday 3/25 Insider Buying Report: HEES, PFIS Wednesday, March 25, 4:44 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 H&E Equipment Services (HEES), a filing with the SEC revealed that on Friday, Director Paul Arnold bought 5,000 shares of HEES, for a cost of $24.14 each, for a total investment of $120,700. So far Arnold is in the green, up about 3.5% on their buy based on today's trading high of $24.98. H&E Equipment Services is trading off about 1.6% on the day Wednesday. This buy marks the first one filed by Arnold in the past year.
And also on Friday, Director James G. Keisling bought $71,155 worth of Peoples Financial Services Corp (PFIS), buying 1,747 shares at a cost of $40.73 each. This purchase marks the first one filed by Keisling in the past twelve months. Peoples Financial Services Corp is trading down about 1.6% on the day Wednesday. Keisling was up about 5.2% on the purchase at the high point of today's trading session, with PFIS trading as high as $42.84 at last check today.
For MarketNewsVideo.com, I'm Sayoko Murase.
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