Friday 4/17 Insider Buying Report: EXA, SEAC
The Online Investor - Fri., Apr. 17, 10:46 AM
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 Exa Corp (EXA), a filing with the SEC revealed that on Thursday, Director Wayne D. Mackie bought 12,000 shares of EXA, for a cost of $10.79 each, for a total investment of $129,451. Mackie was up about 3.2% on the buy at the high point of today's trading session, with EXA trading as high as $11.13 at last check today. This purchase marks the first one filed by Mackie in the past twelve months.
And at SeaChange International (SEAC), there was insider buying on Wednesday, by Director Edward Terino who bought 10,000 shares for a cost of $6.73 each, for a trade totaling $67,300. SeaChange International is trading up about 3.1% on the day Friday.