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Wednesday 11/20 Insider Buying Report: TRS, MPLN

November 20, 2024 — 01:46 pm EST

Written by BNK Invest for BNK Invest->

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.

On Friday, TriMas' CEO, Thomas A. Amato, made a $258,252 buy of TRS, purchasing 10,000 shares at a cost of $25.83 each. So far Amato is in the green, up about 2.2% on their purchase based on today's trading high of $26.39. TriMas is trading up about 0.3% on the day Wednesday. Before this latest buy, Amato made one other buy in the past year, purchasing $236,241 shares at a cost of $23.62 each.

And also on Friday, SVP, Chief Information Officer Michael Kim bought $249,588 worth of MultiPlan, buying 40,000 shares at a cost of $6.24 each. MultiPlan is trading up about 5.2% on the day Wednesday. Bargain hunters have the opportunity to snag MPLN at a price even lower than Kim did, with shares changing hands as low as $5.39 at last check today -- that's 13.6% under Kim's purchase price.

Wednesday 11/20 Insider Buying Report: TRS, MPLNVIDEO: Wednesday 11/20 Insider Buying Report: TRS, MPLN

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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BNK Invest
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.
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