Thursday 6/20 Insider Buying Report: CVBF
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.
On Monday, Director George A. Borba Jr. bought $620,593 worth of CVB Financial, buying 38,810 shares at a cost of $15.99 each. Before this latest buy, Borba Jr. bought CVBF at 4 other times during the past twelve months, for a total cost of $10.98M at an average of $17.54 per share. CVB Financial is trading down about 0.2% on the day Thursday. So far Borba Jr. is in the green, up about 3.8% on their buy based on today's trading high of $16.60.
VIDEO: Thursday 6/20 Insider Buying Report: CVBF
BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.