Wednesday 8/21 Insider Buying Report: WTRH, CCO Wednesday, August 21, 11:25 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 Waitr Holdings (WTRH), a filing with the SEC revealed that on Tuesday, Director Tilman J. Fertitta purchased 1,000,000 shares of WTRH, for a cost of $1.43 each, for a total investment of $1.43M. So far Fertitta is in the green, up about 26.2% on their buy based on today's trading high of $1.80. Waitr Holdings is trading up about 18.1% on the day Wednesday. This buy marks the first one filed by Fertitta in the past year.
And at Clear Channel Outdoor Holdings (CCO), there was insider buying on Friday, by Director Andrew W. Hobson who bought 200,000 shares for a cost of $2.32 each, for a total investment of $463,360. Clear Channel Outdoor Holdings is trading flat on the day Wednesday. So far Hobson is in the green, up about 17.6% on their purchase based on today's trading high of $2.73.
For MarketNewsVideo.com, I'm Sayoko Murase.
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