Bargain hunters should note two recent significant insider purchases. On Thursday, Gogo’s Director, Charles C. Townsend, bought 250,000 shares of GOGO, investing $1.14 million at $4.55 each. This adds to his previous acquisitions over the past year, totaling $2.74 million at an average price of $6.84 per share.
Additionally, M. Scott Welch, a Director at Patrick Industries, purchased 10,000 shares of PATK for $1.14 million at $113.68 each. Welch’s earlier investments in the past year amounted to $19,049 at an average share price of $105.24. Currently, Gogo’s stock is up about 2.4%, while Patrick Industries is down approximately 1.2%.
