Insider Buying Signals: Key Recent Purchases by Richardson Electronics and EON Resources

Investors should take note of insider buying as a potential indicator of future stock performance. While insiders may sell stocks for various reasons, they typically purchase shares with the expectation of profit. Here, we highlight two significant insider buys from recent days.

On Tuesday, James Benham, an insider at Richardson Electronics, made a notable investment of $59,805 in RELL. He acquired 4,500 shares at a price of $13.29 each. At the high point of today’s trading, RELL reached $13.75, resulting in a gain of approximately 3.5% on his purchase. Despite this, Richardson Electronics saw a slight decline of about 0.4% today. This is not Benham’s first investment in RELL; he previously bought shares twice in the last year, spending a total of $50,006 at an average price of $10.00 each.

Meanwhile, EON Resources also saw insider activity on the same day. Mark Williams, Vice President of Finance and Admin, purchased 50,000 shares at $1.00 each, totaling $50,000. This marks his first buying action in the last year. EON Resources is experiencing a surge today, up around 25.9%. At its peak, Williams’ investment was showing a 44.0% gain, with shares trading as high as $1.44.

VIDEO: Thursday 10/17 Insider Buying Report: RELL, EONR

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.