Tuesday 5/5 Insider Buying Report: PRGX, FFIN Tuesday, May 5, 10:38 AM 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 Friday, PRGX Global (PRGX)'s Director, Patrick G. Dills, made a $169,507 buy of PRGX, purchasing 40,000 shares at a cost of $4.24 each. Dills was up about 9.7% on the buy at the high point of today's trading session, with PRGX trading as high as $4.65 at last check today. PRGX Global is trading up about 1.8% on the day Tuesday. Before this latest buy, Dills made one other buy in the past year, purchasing $104,603 shares at a cost of $5.23 a piece.
And also on Friday, Director Murray Hamilton Edwards bought $157,830 worth of First Financial Bankshares (FFIN), buying 5,420 shares at a cost of $29.12 a piece. Before this latest buy, Edwards bought FFIN on 4 other occasions during the past year, for a total cost of $125,765 at an average of $30.02 per share. First Financial Bankshares is trading off about 0.2% on the day Tuesday. So far Edwards is in the green, up about 1.6% on their purchase based on today's trading high of $29.59.
For MarketNewsVideo.com, I'm Sayoko Murase.
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