Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Kimberly-Clark, a filing with the SEC revealed that on Thursday, Director Robert W. Decherd purchased 1,500 shares of KMB, for a cost of $122.21 each, for a total investment of $183,315. Bargain hunters are able to snag KMB even cheaper than Decherd did, with the stock changing hands as low as $120.93 in trading on Tuesday which is 1.0% under Decherd’s purchase price. Kimberly-Clark is trading up about 0.2% on the day Tuesday. Before this latest buy, Decherd made one other purchase in the past twelve months, buying $227,182 shares at a cost of $113.59 a piece.
And at Esquire Financial Holdings, there was insider buying on Monday, by Director Selig Zises who purchased 11,251 shares for a cost of $14.85 each, for a trade totaling $167,090. Before this latest buy, Zises purchased ESQ at 3 other times during the past twelve months, for a total cost of $368,012 at an average of $14.75 per share. Esquire Financial Holdings is trading up about 0.9% on the day Tuesday. Zises was up about 2.1% on the purchase at the high point of today’s trading session, with ESQ trading as high as $15.17 in trading on Tuesday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.