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 Bowhead Specialty Holdings, a filing with the SEC revealed that on Tuesday, CEO and President Stephen Jay Sills purchased 58,824 shares of BOW, for a cost of $17.00 each, for a total investment of $1.00M. Sills was up about 60.1% on the buy at the high point of today’s trading session, with BOW trading as high as $27.21 in trading on Thursday. Bowhead Specialty Holdings is trading down about 0.1% on the day Thursday.
And at Hilton Worldwide Holdings, there was insider buying on Tuesday, by Director Melanie Healey who bought 2,000 shares at a cost of $199.65 each, for a total investment of $399,299. Hilton Worldwide Holdings is trading down about 0.2% on the day Thursday. Bargain hunters have the opportunity to grab HLT even cheaper than Healey did, with the stock changing hands as low as $194.93 in trading on Thursday — that’s 2.4% under Healey’s purchase price.
VIDEO: Thursday 5/30 Insider Buying Report: BOW, HLT
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