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 Thursday, Ryman Hospitality Properties', William E. Haslam, made a $999,989 buy of RHP, purchasing 9,972 shares at a cost of $100.28 each. Bargain hunters are able to buy RHP at a price even lower than Haslam did, with the stock changing hands as low as $98.28 at last check today -- that's 2.0% below Haslam's purchase price. Ryman Hospitality Properties is trading off about 0.1% on the day Monday. Before this latest buy, Haslam made one other buy in the past year, purchasing $999,924 shares at a cost of $86.90 a piece.
And at VFC, there was insider buying on Thursday, by Director Richard Carucci who purchased 25,000 shares for a cost of $13.78 each, for a trade totaling $344,495. Before this latest buy, Carucci bought VFC on 2 other occasions during the past twelve months, for a total investment of $1.07M at an average of $17.90 per share. VFC is trading off about 3.6% on the day Monday. Bargain hunters are able to buy VFC at a price even lower than Carucci did, with the stock changing hands as low as $13.14 at last check today which is 4.6% below Carucci's purchase price.
VIDEO: Monday 6/17 Insider Buying Report: RHP, VFC
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