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Tuesday 10/24 Insider Buying Report: USAU, GSVC


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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 Friday, US Gold ( USAU )'s CEO & President, Chairman, Edward M. Karr, made a $7,350 buy of USAU, purchasing 5,000 shares at a cost of $1.47 a piece. Bargain hunters have the opportunity to buy USAU at a price even lower than Karr did, with the stock trading as low as $1.25 in trading on Tuesday -- that's 15.0% under Karr's purchase price. US Gold is trading up about 6.2% on the day Tuesday. Before this latest buy, Karr made one other buy in the past twelve months, purchasing $50,000 shares at a cost of $1.80 each.

And at Gsv Capital ( GSVC ), there was insider buying on Friday, by Executive Chairman Michael T. Moe who bought 847 shares for a cost of $5.90 each, for a trade totaling $4,998. Before this latest buy, Moe purchased GSVC at 4 other times during the past year, for a total cost of $38,905 at an average of $4.85 per share. Gsv Capital is trading up about 1% on the day Tuesday. Bargain hunters can pick up GSVC at a price even lower than Moe did, with shares changing hands as low as $5.81 at last check today which is 1.5% below Moe's purchase price.

Tuesday 10/24 Insider Buying Report: USAU, GSVC VIDEO: Tuesday 10/24 Insider Buying Report: USAU, GSVC

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



This article appears in: Investing
Referenced Symbols: USAU , GSVC


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