Markets

Friday 1/22 Insider Buying Report: SNV, VISI

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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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

On Thursday, Synovus Financial's Director, Tim E. Bentsen, made a $75,843 purchase of SNV, buying 2,700 shares at a cost of $28.09 each. So far Bentsen is in the green, up about 2.5% on their purchase based on today's trading high of $28.80. Synovus Financial is trading up about 2.5% on the day Friday. This purchase marks the first one filed by Bentsen in the past twelve months.

And on Wednesday, CEO Michael D. Dean bought $47,138 worth of Volt Information Sciences, buying 6,000 shares at a cost of $7.86 a piece. Before this latest buy, Dean made one other purchase in the past year, buying $93,200 shares at a cost of $9.32 each. Volt Information Sciences is trading off about 1.1% on the day Friday.

VIDEO: Friday 1/22 Insider Buying Report: SNV, VISI

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


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

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