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Wednesday 10/7 Insider Buying Report: TLYS, NOVA Wednesday, October 7, 1:52 PM ET
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
On Friday, Tilly's CFO, Michael Henry, made a $14,903 buy of TLYS, purchasing 2,500 shares at a cost of $5.96 each. Henry was up about 8.9% on the purchase at the high point of today's trading session, with TLYS trading as high as $6.49 at last check today. Tilly's is trading up about 2.2% on the day Wednesday. Before this latest buy, Henry purchased TLYS on 4 other occasions during the past year, for a total cost of $56,789 at an average of $5.30 per share.
And also on Friday, William J. Berger purchased $14,195 worth of Sunnova Energy International, purchasing 500 shares at a cost of $28.39 each. Before this latest buy, Berger purchased NOVA on 11 other occasions during the past year, for a total cost of $273,580 at an average of $9.95 per share. Sunnova Energy International is trading up about 7.2% on the day Wednesday. Berger was up about 7.3% on the buy at the high point of today's trading session, with NOVA trading as high as $30.45 at last check today.
For MarketNewsVideo.com, I'm Sayoko Murase. | |
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