Friday 6/14 Insider Buying Report: KIRK, DSSI

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 Wednesday, Kirkland's (KIRK)'s Director, Charles Pleas III, made a $239,000 purchase of KIRK, buying 100,000 shares at a cost of $2.39 each. Kirkland's is trading down about 5.2% on the day Friday. This buy marks the first one filed by Pleas III in the past twelve months.

And on Tuesday, CEO Craig H. Stevenson Jr. purchased $236,485 worth of Diamond S Shipping (DSSI), purchasing 20,231 shares at a cost of $11.69 each. Before this latest buy, Stevenson Jr. made one other buy in the past twelve months, purchasing $490,972 shares for a cost of $12.52 a piece. Diamond S Shipping is trading off about 1.6% on the day Friday. Bargain hunters have the opportunity to snag DSSI even cheaper than Stevenson Jr. did, with shares changing hands as low as $11.02 at last check today which is 5.7% under Stevenson Jr.'s purchase price.

VIDEO: Friday 6/14 Insider Buying Report: KIRK, DSSI

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

In This Story


Other Topics


Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More