Friday 3/1 Insider Buying Report: AMRK, ENPH

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 Tuesday, A-Mark Precious Metals' Director, Jess M. Ravich, made a $512,536 purchase of AMRK, buying 20,000 shares at a cost of $25.63 each. A-Mark Precious Metals is trading off about 0.4% on the day Friday. Before this latest buy, Ravich made one other buy in the past twelve months, purchasing $512,536 shares for a cost of $25.63 each.

And also on Tuesday, CEO Badrinarayanan Kothandaraman purchased $482,154 worth of Enphase Energy, purchasing 4,000 shares at a cost of $120.54 a piece. Before this latest buy, Kothandaraman made one other purchase in the past twelve months, buying $100,873 shares at a cost of $90.23 each. Enphase Energy is trading off about 1.4% on the day Friday. So far Kothandaraman is in the green, up about 6.3% on their buy based on today's trading high of $128.18.

Friday 3/1 Insider Buying Report: AMRK, ENPHVIDEO: Friday 3/1 Insider Buying Report: AMRK, ENPH

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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