Wednesday 7/2 Insider Buying Report: MTEX, RCAP

By
A A A

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, Mannatech ( MTEX )'s Director, Robert Toth, made a $63,048 buy of MTEX, purchasing 5,000 shares at a cost of $12.61 each. Bargain hunters have the opportunity to snag MTEX even cheaper than Toth did, with the stock trading as low as $11.51 at last check today which is 8.7% below Toth's purchase price. Mannatech is trading down about 2.5% on the day Wednesday. Before this latest buy, Toth purchased MTEX on 5 other occasions during the past year, for a total investment of $420,122 at an average of $16.80 per share.


And at RCS Capital Corporation ( RCAP ), there was insider buying on Friday, by Edward M. Weil Jr. who purchased 2,457 shares for a cost of $20.61 each, for a total investment of $50,649. Before this latest buy, Weil Jr. made one other buy in the past twelve months, purchasing $15,837 shares for a cost of $15.84 each. RCS Capital is trading up about 1.7% on the day Wednesday. So far Weil Jr. is in the green, up about 11.1% on their purchase based on today's trading high of $22.90.

Wednesday 7/2 Insider Buying Report: MTEX, RCAP VIDEO: Wednesday 7/2 Insider Buying Report: MTEX, RCAP



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: MTEX , RCAP

BNK Invest

BNK Invest

More from BNK Invest:

Related Videos

Stocks

Referenced

Most Active by Volume

9,416,055
  • $18.03 ▲ 0.28%
7,172,378
  • $8.37 ▲ 6.08%
6,220,174
  • $112.87 ▲ 0.77%
6,083,174
  • $68.12 ▲ 2.57%
5,851,912
  • $93.9936 ▲ 2.96%
5,564,594
  • $7.555 ▼ 0.59%
5,513,574
  • $7.4037 ▲ 1.98%
5,064,708
  • $12.69 ▼ 2.83%
As of 12/26/2014, 10:57 AM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com