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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Fox Factory Holding, a filing with the SEC revealed that on Monday, Chief Executive Officer Michael C. Dennison bought 11,250 shares of FOXF, for a cost of $44.30 each, for a total investment of $498,375. So far Dennison is in the green, up about 9.4% on their purchase based on today's trading high of $48.48. Fox Factory Holding is trading up about 6.4% on the day Wednesday. This purchase marks the first one filed by Dennison in the past twelve months.
And at Community West Bancshares, there was insider buying on Friday, by EXECUTIVE VICE PRESIDENT Anthony Kenneth Ramos who purchased 13,400 shares at a cost of $17.25 each, for a trade totaling $231,150. Community West Bancshares is trading up about 3.3% on the day Wednesday.
VIDEO: Wednesday 6/12 Insider Buying Report: FOXF, CWBC
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