Tuesday 5/5 Insider Buying Report: CHEV, SBCF
The Online Investor - 17 hours, 25 minutes ago
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 Friday, Cheviot Financial (CHEV)'s CEO, Mark T. Reitzes, made a $103,972 purchase of CHEV, buying 6,800 shares at a cost of $15.29 each. Cheviot Financial is trading off about 1.2% on the day Tuesday.
And at Seacoast Banking Corp. of Florida (SBCF), there was insider buying on Friday, by Director Julie H. Daum who bought 7,200 shares at a cost of $13.89 each, for a total investment of $99,976. Seacoast Banking Corp. of Florida is trading off about 1.3% on the day Tuesday. Daum was up about 2.7% on the purchase at the high point of today's trading session, with SBCF trading as high as $14.26 in trading on Tuesday.