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