Monday 3/18 Insider Buying Report: VBTX, KOP Monday, March 18, 10:30 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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Veritex Holdings (VBTX), a filing with the SEC revealed that on Wednesday, Director Mark C. Griege purchased 25,000 shares of VBTX, for a cost of $26.00 each, for a total investment of $650,000. Griege was up about 1.9% on the buy at the high point of today's trading session, with VBTX trading as high as $26.50 at last check today. Veritex Holdings is trading up about 2% on the day Monday. This purchase marks the first one filed by Griege in the past twelve months.
And at Koppers Holdings (KOP), there was insider buying on Thursday, by VP Utility and Industrial Prod R. Michael Johnson who bought 20,000 shares for a cost of $25.50 each, for a total investment of $509,964. Before this latest buy, Johnson purchased KOP at 5 other times during the past twelve months, for a total cost of $3.86M at an average of $24.15 per share. Koppers Holdings is trading up about 0.1% on the day Monday. So far Johnson is in the green, up about 2.9% on their buy based on today's trading high of $26.25.
For MarketNewsVideo.com, I'm Sayoko Murase.
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