Monday 2/3 Insider Buying Report: CSFL, PFE Monday, February 3, 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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At CenterState Bank Corp (CSFL), a filing with the SEC revealed that on Friday, Chief Financial Officer William E. V. Matthews bought 5,000 shares of CSFL, for a cost of $22.89 each, for a total investment of $114,443. CenterState Bank Corp is trading up about 1.9% on the day Monday.
And on Thursday, Director Scott Gottlieb purchased $36,997 worth of Pfizer (PFE), purchasing 1,000 shares at a cost of $37.00 each. Before this latest buy, Gottlieb made one other buy in the past year, purchasing $104,160 shares for a cost of $34.72 each. Pfizer is trading up about 1.4% on the day Monday. So far Gottlieb is in the green, up about 2.3% on their purchase based on today's trading high of $37.84.
For MarketNewsVideo.com, I'm Sayoko Murase.
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