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Friday 3/1 Insider Buying Report: AMRK, ENPH Friday, March 1, 12:12 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 Tuesday, A-Mark Precious Metals' Director, Jess M. Ravich, made a $512,536 purchase of AMRK, buying 20,000 shares at a cost of $25.63 each. A-Mark Precious Metals is trading off about 0.4% on the day Friday. Before this latest buy, Ravich made one other buy in the past twelve months, purchasing $512,536 shares for a cost of $25.63 each.
And also on Tuesday, CEO Badrinarayanan Kothandaraman purchased $482,154 worth of Enphase Energy, purchasing 4,000 shares at a cost of $120.54 a piece. Before this latest buy, Kothandaraman made one other purchase in the past twelve months, buying $100,873 shares at a cost of $90.23 each. Enphase Energy is trading off about 1.4% on the day Friday. So far Kothandaraman is in the green, up about 6.3% on their buy based on today's trading high of $128.18.
For MarketNewsVideo.com, I'm Sayoko Murase. | |
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