Friday 4/15 Insider Buying Report: OLLI, PFIS Friday, April 15, 10:32 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.
On Tuesday, Ollie's Bargain Outlet Holdings (OLLI)'s Director, Thomas Hendrickson, made a $46,586 purchase of OLLI, buying 1,950 shares at a cost of $23.89 a piece. Hendrickson was up about 11.7% on the purchase at the high point of today's trading session, with OLLI trading as high as $26.68 in trading on Friday. Ollie's Bargain Outlet Holdings is trading up about 0.9% on the day Friday. Before this latest buy, Hendrickson made one other buy in the past year, purchasing $149,746 shares for a cost of $16.43 a piece.
And at Peoples Financial Services (PFIS), there was insider buying on Monday, by EVP, Chief Risk Officer Michael L. Jake who purchased 270 shares for a cost of $37.07 each, for a trade totaling $10,000. Before this latest buy, Jake purchased PFIS at 2 other times during the past year, for a total cost of $20,000 at an average of $35.91 per share. Peoples Financial Services is trading off about 0.5% on the day Friday. So far Jake is in the green, up about 2.5% on their buy based on today's trading high of $38.00.
For MarketNewsVideo.com, I'm Sayoko Murase.
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