Conventional wisdom is that September is the toughest month for investors. However, insider buyers haven’t been shy in the past week, though. Let’s take a quick look at these transactions.
A well-known adage reminds us that corporate insiders and 10% owners really only buy shares of a company because they believe the stock price will rise and they want to profit from it. Thus, insider buying can be an encouraging signal for potential investors.
Remember that during earnings-reporting season, insiders are prohibited from buying or selling shares. Here are some of the more notable insider purchases that were reported in the past week.
This post originally appeared at 24/7 Wall St.