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 AXIS Capital Holdings ( AXS ), a filing with the SEC revealed that on Wednesday, Director Charles A. Davis purchased 25,000 shares of AXS, at a cost of $49.90 each, for a total investment of $1.25M. AXIS Capital Holdings is trading up about 5.9% on the day Monday.
And also on Wednesday, CEO William F. Carpenter III purchased $999,984 worth of LifePoint Health ( LPNT ), purchasing 21,368 shares at a cost of $46.80 a piece. LifePoint Health is trading down about 1% on the day Monday. Bargain hunters can bag LPNT at a price even lower than Carpenter III did, with shares trading as low as $45.20 in trading on Monday -- that's 3.4% below Carpenter III's purchase price.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
