Tuesday 4/28 Insider Buying Report: SCHW, PFIS Tuesday, April 28, 3:05 PM ET
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At The Charles Schwab Corporation (SCHW), a filing with the SEC revealed that on Friday, Director William S. Haraf bought 3,000 shares of SCHW, at a cost of $30.29 each, for a total investment of $90,879. The Charles Schwab Corporation is trading up about 1.1% on the day Tuesday.
And on Monday, Director James B. Nicholas purchased $40,813 worth of Peoples Financial Services Corp (PFIS), purchasing 1,000 shares at a cost of $40.81 a piece. Before this latest buy, Nicholas bought PFIS on 2 other occasions during the past year, for a total cost of $57,883 at an average of $45.61 per share. Peoples Financial Services Corp is trading trading flat on the day Tuesday. Nicholas was up about 2.8% on the purchase at the high point of today's trading session, with PFIS trading as high as $41.96 at last check today.
For MarketNewsVideo.com, I'm Sayoko Murase.
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