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Wednesday 3/29 Insider Buying Report: NGHC Wednesday, March 29, 10:34 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 cash to make a purchase, is that they expect to make money. Today we look at one noteworthy recent insider buy.
At National General Holdings Corp (NGHC), there was insider buying on Tuesday, by Executive Vice President Robert Karfunkel who purchased 25,000 shares at a cost of $22.88 each, for a total investment of $572,000. This purchase marks the first one filed by Karfunkel in the past twelve months. National General Holdings Corp is trading up about 1% on the day Wednesday. So far Karfunkel is in the green, up about 3.3% on their buy based on today's trading high of $23.63.
For MarketNewsVideo.com, I'm Sayoko Murase. | |
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