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 Couchbase, a filing with the SEC revealed that on Thursday, Director Edward T. Anderson purchased 21,080 shares of BASE, at a cost of $14.16 each, for a total investment of $298,484. So far Anderson is in the green, up about 4.4% on their purchase based on today's trading high of $14.78. Couchbase is trading up about 3.4% on the day Tuesday.
And at ARQ, there was insider buying on Monday, by Chief Executive Officer Robert E. Rasmus who bought 25,000 shares for a cost of $5.25 each, for a total investment of $131,250. This purchase marks the first one filed by Rasmus in the past year. ARQ is trading up about 2.5% on the day Tuesday.
VIDEO: Tuesday 9/24 Insider Buying Report: BASE, ARQ
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