Insider Buying Signals Potential Gains: Spotlight on Primis Financial and Fidelity D&D Bancorp
Investors should take note of insider buying activities, as they often indicate confidence in a company’s future. While insiders may sell shares for various reasons, a purchase typically suggests that they expect to profit. Here, we highlight two significant recent insider transactions.
Primis Financial’s Insider Purchase
On Tuesday, John Fitzgerald Biagas, an insider at Primis Financial, acquired $44,897 worth of FRST, purchasing 4,103 shares at $10.94 each. As of Friday, Primis Financial shares have seen a slight decline of approximately 1%. Before this latest transaction, Biagas had bought FRST on two previous occasions over the last year, investing a total of $44,877 at an average price of $12.02 per share.
Fidelity D&D Bancorp’s Chairman Invests Again
Meanwhile, on Monday, Brian J. Cali, Chairman of the Board for Fidelity D&D Bancorp, made a notable investment of $38,720 by acquiring 880 shares at $44.00 each. Fidelity D&D Bancorp stocks fell around 3.5% on Friday. Prior to this buy, Cali had purchased FDBC shares five times in the last year, spending $105,240 at an average cost of $48.42 per share. At one point during today’s trading session, the shares peaked at $48.22, providing Cali with a potential gain of about 9.6%.
VIDEO: Friday 2/7 Insider Buying Report: FRST, FDBC
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