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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Tuesday, Keurig Dr Pepper's Chief Corp. Affairs Officer, Maria A. Sceppaguercio-gever, made a $501,081 buy of KDP, purchasing 21,725 shares at a cost of $23.06 a piece. Keurig Dr Pepper Inc is trading down about 0.2% on the day Friday. Before this latest buy, Sceppaguercio-gever made one other purchase in the past twelve months, buying $999,911 shares for a cost of $23.53 each.
And at Columbia Financial, there was insider buying on Wednesday, by Director Henry Kuiken who bought 25,400 shares at a cost of $16.91 each, for a trade totaling $429,616. Before this latest buy, Kuiken bought CLBK on 2 other occasions during the past twelve months, for a total cost of $641,001 at an average of $10.62 per share. Columbia Financial is trading up about 0.1% on the day Friday.
For MarketNewsVideo.com, I'm Sayoko Murase.