Thursday 10/8 Insider Buying Report: CET, WVVI Thursday, October 8, 2:29 PM ET
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
On Tuesday, Central Securities' CEO & President, John C. Hill, made a $28,185 buy of CET, purchasing 500 shares at a cost of $56.37 a piece. Investors can pick up CET even cheaper than Hill did, with the stock trading as low as $55.65 in trading on Thursday -- that's 1.3% under Hill's purchase price. Central Securities Corporation is trading trading flat on the day Thursday. Before this latest buy, Hill purchased CET on 3 other occasions during the past year, for a total cost of $62,996 at an average of $51.09 per share.
And on Monday, Director Gregory William Voorhies bought $11,500 worth of Willamette Valley Vineyard, buying 6,000 shares at a cost of $1.92 a piece. This buy marks the first one filed by Voorhies in the past year. Willamette Valley Vineyard is trading off about 1.6% on the day Thursday. Investors can grab WVVI even cheaper than Voorhies did, with shares trading as low as $1.78 in trading on Thursday which is 7.1% under Voorhies's purchase price.
ALTL Enters Oversold Territory as RSI Falls Below 30 Thursday, October 8, 4:29 PM ET, by Market News Video Staff RBS US L/C Alternator ETN (ALTL) entered oversold territory with an RSI of 29.2, indicating ...
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