Wednesday 2/26 Insider Buying Report: ELNK, BLMT


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.

At EarthLink ( ELNK ), a filing with the SEC revealed that on Tuesday, Chief Executive Officer Joseph F. Eazor purchased 64,600 shares of ELNK, for a cost of $3.88 each, for a total investment of $250,829. Eazor was up about 4.3% on the purchase at the high point of today's trading session, with ELNK trading as high as $4.05 in trading on Wednesday.

And on Friday, Executive Vice President Christopher Y. Downs bought $108,184 worth of BSB Bancorp ( BLMT ), buying 6,409 shares at a cost of $16.88 a piece. Before this latest buy, Downs made one other purchase in the past twelve months, buying $58,746 shares for a cost of $15.94 each. BSB Bancorp is trading up about 0.3% on the day Wednesday.

Wednesday 2/26 Insider Buying Report: ELNK, BLMT VIDEO: Wednesday 2/26 Insider Buying Report: ELNK, BLMT

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Investing Ideas

Referenced Stocks: ELNK , BLMT

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