Tuesday 8/29 Insider Buying Report: WEST, VVV Tuesday, August 29, 1:36 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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Thursday, Westrock Coffee's Director, Joe T. Ford, made a $201,900 buy of WEST, purchasing 20,000 shares at a cost of $10.10 a piece. Westrock Coffee Co is trading up about 0.3% on the day Tuesday. Before this latest buy, Ford purchased WEST on 11 other occasions during the past twelve months, for a total investment of $2.60M at an average of $11.62 per share.
And on Monday, Chief Financial Officer Mary E. Meixelsperger purchased $201,300 worth of Valvoline, purchasing 6,000 shares at a cost of $33.55 a piece. Valvoline is trading up about 0.8% on the day Tuesday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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