Wednesday 12/20 Insider Buying Report: CASA, TMQ Wednesday, December 20, 10:31 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 two noteworthy recent insider buys.
At Casa Systems (CASA), a filing with the SEC revealed that on Tuesday, Director Bruce R. Evans purchased 250,000 shares of CASA, at a cost of $13.00 each, for a total investment of $3.25M. So far Evans is in the green, up about 15.3% on their purchase based on today's trading high of $14.99. Casa Systems is trading trading flat on the day Wednesday.
And at Trilogy Metals (TMQ), there was insider buying on Monday, by CEO Rick Van Nieuwenhuyse who purchased 1,159,096 shares at a cost of $0.83 each, for a total investment of $962,050. This purchase marks the first one filed by Van Nieuwenhuyse in the past year. Trilogy Metals is trading down about 6.1% on the day Wednesday. Van Nieuwenhuyse was up about 43.4% on the purchase at the high point of today's trading session, with TMQ trading as high as $1.19 at last check today.
For MarketNewsVideo.com, I'm Sayoko Murase.
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