Monday 6/1 Insider Buying Report: FFWM, HK Monday, June 1, 10:33 AM 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 First Foundation (FFWM), a filing with the SEC revealed that on Wednesday, President FFB David S. Depillo purchased 272,035 shares of FFWM, at a cost of $18.38 each, for a total investment of $5.00M. Depillo was up about 3.0% on the buy at the high point of today's trading session, with FFWM trading as high as $18.94 at last check today. First Foundation is trading up about 0.2% on the day Monday. This buy marks the first one filed by Depillo in the past twelve months.
And at Halcon Resources Corp (HK), there was insider buying on Friday, by CEO Floyd C. Wilson who bought 1,000,000 shares for a cost of $1.03 each, for a trade totaling $1.03M. Halcon Resources Corp is trading up about 2.4% on the day Monday. So far Wilson is in the green, up about 8.2% on their purchase based on today's trading high of $1.12.
For MarketNewsVideo.com, I'm Sayoko Murase.
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