Monday 8/24 Insider Buying Report: GWRS, ALK
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 Global Water Resources, a filing with the SEC revealed that on Thursday, Director Andrew M. Cohn bought 139,343 shares of GWRS, at a cost of $8.85 each, for a total investment of $1.23M. Cohn was up about 7.3% on the purchase at the high point of today's trading session, with GWRS trading as high as $9.50 at last check today. Global Water Resources is trading up about 5.6% on the day Monday. Before this latest buy, Cohn purchased GWRS at 2 other times during the past twelve months, for a total investment of $1.72M at an average of $9.97 per share.
And at Alaska Air Group, there was insider buying on Thursday, by CEO AND PRESIDENT Benito Minicucci who purchased 25,000 shares for a cost of $40.06 each, for a total investment of $1.00M. This buy marks the first one filed by Minicucci in the past twelve months. Alaska Air Group is trading up about 1.9% on the day Monday. So far Minicucci is in the green, up about 6.0% on their buy based on today's trading high of $42.45.
VIDEO: Monday 8/24 Insider Buying Report: GWRS, ALK 