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 Monday, Church & Dwight's EVP Michael Read, made a $202,963 purchase of CHD, buying 1,900 shares at a cost of $106.82 a piece. Bargain hunters are able to grab CHD even cheaper than Read did, with the stock changing hands as low as $104.95 in trading on Friday which is 1.8% under Read's purchase price. Church & Dwight is trading up about 0.5% on the day Friday.
And at Horizon Technology Finance, there was insider buying on Monday, by Director Michael Balkin who bought 20,000 shares at a cost of $8.53 each, for a trade totaling $170,600. Before this latest buy, Balkin made one other buy in the past twelve months, purchasing $105,800 shares for a cost of $10.58 each. Horizon Technology Finance is trading up about 1.6% on the day Friday. So far Balkin is in the green, up about 5.6% on their buy based on today's trading high of $9.01.
VIDEO: Friday 12/20 Insider Buying Report: CHD, HRZN
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