Monday 5/23 Insider Buying Report: TICC, TSS Monday, May 23, 10:44 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 TICC Capital Corporation (TICC), a filing with the SEC revealed that on Friday, COO Saul B. Rosenthal bought 60,480 shares of TICC, at a cost of $5.33 each, for a total investment of $322,358. TICC Capital Corporation is trading up about 0.8% on the day Monday. Before this latest buy, Rosenthal bought TICC at 3 other times during the past twelve months, for a total investment of $764,435 at an average of $5.23 per share.
And at Total System Services (TSS), there was insider buying on Thursday, by COO Pamela A. Joseph who purchased 5,000 shares at a cost of $53.40 each, for a total investment of $266,980. This buy marks the first one filed by Joseph in the past twelve months. Total System Services is trading off about 0.4% on the day Monday. So far Joseph is in the green, up about 1.4% on their purchase based on today's trading high of $54.14.
For MarketNewsVideo.com, I'm Sayoko Murase.
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