RELL

Thursday 10/17 Insider Buying Report: RELL, EONR

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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

On Tuesday, Richardson Electronics', James Benham, made a $59,805 purchase of RELL, buying 4,500 shares at a cost of $13.29 a piece. Benham was up about 3.5% on the buy at the high point of today's trading session, with RELL trading as high as $13.75 at last check today. Richardson Electronics is trading off about 0.4% on the day Thursday. Before this latest buy, Benham purchased RELL at 2 other times during the past year, for a total cost of $50,006 at an average of $10.00 per share.

And at EON Resources, there was insider buying on Tuesday, by VP of Finance and Admin Mark Williams who purchased 50,000 shares for a cost of $1.00 each, for a trade totaling $50,000. This buy marks the first one filed by Williams in the past year. EON Resources is trading up about 25.9% on the day Thursday. Williams was up about 44.0% on the purchase at the high point of today's trading session, with EONR trading as high as $1.44 at last check today.

Thursday 10/17 Insider Buying Report: RELL, EONRVIDEO: Thursday 10/17 Insider Buying Report: RELL, EONR

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

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.