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 Wednesday, Evolv Technologies Holdings' Director, David Mounts Gonzales, made a $193,000 buy of EVLV, purchasing 50,000 shares at a cost of $3.86 a piece. Evolv Technologies Holdings is trading up about 5.8% on the day Friday.
And at Palomar Holdings, there was insider buying on Tuesday, by Thomas A. Bradley who purchased 1,500 shares for a cost of $74.30 each, for a trade totaling $111,450. Palomar Holdings is trading up about 1% on the day Friday.
VIDEO: Friday 3/8 Insider Buying Report: EVLV, PLMR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
