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.
At Agree Realty, a filing with the SEC revealed that on Thursday, CEO Joey Agree purchased 2,000 shares of ADC, at a cost of $57.56 each, for a total investment of $115,120. Agree Realty is trading trading flat on the day Friday. Before this latest buy, Agree purchased ADC on 8 other occasions during the past twelve months, for a total investment of $2.54M at an average of $61.04 per share.
And at RBB Bancorp, there was insider buying on Tuesday, by Director James Kao who bought 6,000 shares at a cost of $17.06 each, for a trade totaling $102,360. Before this latest buy, Kao bought RBB at 2 other times during the past year, for a total cost of $815,120 at an average of $17.34 per share. RBB Bancorp is trading down about 2% on the day Friday. So far Kao is in the green, up about 8.9% on their purchase based on today's trading high of $18.58.
VIDEO: Friday 2/16 Insider Buying Report: ADC, RBB
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