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.
At Regency Centers Corp ( REG ), a filing with the SEC revealed that on Thursday, Director Bryce Blair bought 1,486 shares of REG, for a cost of $66.92 each, for a total investment of $99,443. So far Blair is in the green, up about 1.2% on their buy based on today's trading high of $67.72. Regency Centers Corp is trading off about 0.1% on the day Friday. Before this latest buy, Blair made one other purchase in the past year, buying $99,817 shares for a cost of $79.79 each.
And on Wednesday, Chief Executive Officer Marco Taglietti bought $82,500 worth of SCYNEXIS ( SCYX ), buying 25,000 shares at a cost of $3.30 a piece. Before this latest buy, Taglietti bought SCYX at 6 other times during the past year, for a total cost of $319,080 at an average of $2.55 per share. SCYNEXIS is trading off about 0.3% on the day Friday. So far Taglietti is in the green, up about 4.5% on their purchase based on today's trading high of $3.45.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.