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 one noteworthy recent insider buy.
At Ensign Group, a filing with the SEC revealed that on Thursday, Director John G. Nackel bought 1,352 shares of ENSG, at a cost of $18.00 each, for a total investment of $24,333. So far Nackel is in the green, up about 5.8% on their purchase based on today's trading high of $19.04. Ensign Group is trading up about 2.2% on the day Monday. This buy marks the first one filed by Nackel in the past year.
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.
