Thursday 1/26 Insider Buying Report: CARO, SPGI
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 Carolina Financial ( CARO ), a filing with the SEC revealed that on Wednesday, Director W. Scott Brandon purchased 3,464 shares of CARO, for a cost of $28.00 each, for a total investment of $96,992. So far Brandon is in the green, up about 11.4% on their buy based on today's trading high of $31.18. Carolina Financial is trading up about 2% on the day Thursday. This buy marks the first one filed by Brandon in the past twelve months.
And on Monday, Director Maria R. Morris bought $46,360 worth of S&P Global ( SPGI ), buying 400 shares at a cost of $115.90 each. This purchase marks the first one filed by Morris in the past twelve months. S&P Global is trading up about 1.2% on the day Thursday. Morris was up about 5.4% on the purchase at the high point of today's trading session, with SPGI trading as high as $122.21 at last check today.