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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Wednesday, Jamba (JMBA)’s Director, Glenn W. Welling, made a $233,672 purchase of JMBA, buying 15,810 shares at a cost of $14.78 each. So far Welling is in the green, up about 6.8% on their purchase based on today’s trading high of $15.78. Jamba was trading up about 0.8% on the day Monday. Before this latest buy, Welling made one other purchase in the past twelve months, buying $2.10M shares at a cost of $14.01 each.
And also on Wednesday, CEO Joel D. Anderson bought $108,033 worth of Five Below (FIVE), buying 3,000 shares at a cost of $36.01 a piece. This purchase marks the first one filed by Anderson in the past year. Five Below was trading up about 1.6% on the day Monday.
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