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Tuesday 4/30 Insider Buying Report: HY, PKBK


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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.

At Hyster-Yale Materials Handling ( HY ), a filing with the SEC revealed that on Friday, Corbin Rankin purchased 418 shares of HY, at a cost of $64.99 each, for a total investment of $27,166. Rankin was up about 1.8% on the purchase at the high point of today's trading session, with HY trading as high as $66.17 in trading on Tuesday. Hyster-Yale Materials Handling is trading up about 0.3% on the day Tuesday. Before this latest buy, Rankin bought HY on 69 other occasions during the past year, for a total cost of $2.32M at an average of $62.73 per share.

And at Parke Bancorp ( PKBK ), there was insider buying on Friday, by President Vito S. Pantilione who bought 900 shares at a cost of $21.89 each, for a total investment of $19,697. Before this latest buy, Pantilione bought PKBK on 5 other occasions during the past year, for a total investment of $60,455 at an average of $20.49 per share. Parke Bancorp is trading off about 3.3% on the day Tuesday. Pantilione was up about 5.0% on the buy at the high point of today's trading session, with PKBK trading as high as $22.98 at last check today.

Tuesday 4/30 Insider Buying Report: HY, PKBK VIDEO: Tuesday 4/30 Insider Buying Report: HY, PKBK

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 , Investing Ideas
Referenced Symbols: HY , PKBK



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