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.
On Wednesday, Dominion Energy's, CFO & Treasurer, James R. Chapman, made a $299,998 purchase of D, buying 4,053 shares at a cost of $74.02 each. Dominion Energy Inc is trading off about 5% on the day Monday.
And at Douglas Emmett, there was insider buying on Thursday, by Director William E. Simon Jr. who bought 8,700 shares at a cost of $34.17 each, for a total investment of $297,296. Before this latest buy, Simon Jr. made one other purchase in the past year, buying $296,861 shares for a cost of $38.55 each. Douglas Emmett is trading off about 4.4% on the day Monday. Investors have the opportunity to grab DEI even cheaper than Simon Jr. did, with the stock changing hands as low as $32.46 at last check today which is 5.0% below Simon Jr.'s purchase price.