The Insider Buys
Insider trading can often provide valuable insight into a company’s financial health and future prospects. Justifying that belief, recent additions to stock positions have shown confidence in their respective companies. In the case of Agree Realty and RBB Bancorp, notable insider buys have made waves in the stock market.
At Agree Realty, CEO Joey Agree made a significant investment by purchasing 2,000 shares of ADC, totaling $115,120. This move reflects a positive sentiment from a company executive as this is the ninth time Agree has purchased shares in the past twelve months, amassing a total investment of $2.54M at an average price of $61.04 per share.
On the other hand, RBB Bancorp’s Director, James Kao, invested $102,360 in a purchase of 6,000 shares at a cost of $17.06 each. Kao has now made three purchases in the past year, totaling $815,120, with an average purchase price of $17.34 per share.
Market Response
Agree Realty’s stock price remained stable on Friday, following the news of the insider buy. On the other hand, RBB Bancorp experienced a 2% decrease in stock price. However, Kao’s investment is already showing promise, with the stock up by approximately 8.9% based on current trading levels.
VIDEO: Friday 2/16 Insider Buying Report: ADC, RBB
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
