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Friday 10/23 Insider Buying Report: MSP, RSF Friday, October 23, 4:15 PM 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.
On Tuesday, Datto Holding's Director, Adrian T. Dillon, made a $405,000 purchase of MSP, buying 15,000 shares at a cost of $27.00 a piece. Dillon was up about 6.6% on the buy at the high point of today's trading session, with MSP trading as high as $28.78 in trading on Friday. Datto Holding Corp is trading up about 1.9% on the day Friday. This purchase marks the first one filed by Dillon in the past year.
And also on Tuesday, Patrick W. Galley purchased $114,703 worth of Rivernorth Specialty Finance, purchasing 7,700 shares at a cost of $14.90 each. This buy marks the first one filed by Galley in the past year. Rivernorth Specialty Finance is trading up about 0.3% on the day Friday. Galley was up about 0.8% on the purchase at the high point of today's trading session, with RSF trading as high as $15.02 in trading on Friday.
For MarketNewsVideo.com, I'm Sayoko Murase. | |
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