Markets

Tuesday 5/9 Insider Buying Report: UBFO, MD

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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 United Security Bancshares ( UBFO ), a filing with the SEC revealed that on Monday, Director Benjamin Mackovak purchased 389,958 shares of UBFO, for a cost of $8.20 each, for a total investment of $3.2M. United Security Bancshares is trading up about 0.6% on the day Tuesday. This buy marks the first one filed by Mackovak in the past year.

And on Friday, Director Manuel Kadre bought $1.21M worth of Mednax ( MD ), buying 21,704 shares at a cost of $55.79 each. This buy marks the first one filed by Kadre in the past twelve months. Mednax is trading up about 0.3% on the day Tuesday. Bargain hunters have the opportunity to snag MD at a price even lower than Kadre did, with shares trading as low as $54.01 at last check today -- that's 3.2% under Kadre's purchase price.

VIDEO: Tuesday 5/9 Insider Buying Report: UBFO, MD

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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