Markets

Thursday 7/19 Insider Buying Report: VOXX, GABC

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 two noteworthy recent insider buys.

At Voxx International Corp ( VOXX ), a filing with the SEC revealed that on Monday, Director Peter A. Lesser bought 5,000 shares of VOXX, at a cost of $5.65 each, for a total investment of $28,230. Bargain hunters have the opportunity to pick up VOXX even cheaper than Lesser did, with the stock changing hands as low as $5.45 in trading on Thursday which is 3.5% under Lesser's purchase price. Voxx International Corp is trading up about 0.5% on the day Thursday.

And at German American Bancorp ( GABC ), there was insider buying on Monday, by Christina M. Ernst who bought 553 shares for a cost of $36.17 each, for a total investment of $20,003. Before this latest buy, Ernst bought GABC on 7 other occasions during the past twelve months, for a total investment of $15,351 at an average of $34.04 per share. German American Bancorp is trading up about 0.3% on the day Thursday. Ernst was up about 2.7% on the buy at the high point of today's trading session, with GABC trading as high as $37.15 at last check today.

VIDEO: Thursday 7/19 Insider Buying Report: VOXX, GABC

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.

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