Tuesday 9/5 Insider Buying Report: ALG, AMBC
Nasdaq 2023-09-05 17:50:52 • 2 mins
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.
On Friday, Alamo Group's Director, Eric Etchart, made a $88,295 buy of ALG, purchasing 500 shares at a cost of $176.59 each. Investors can bag ALG even cheaper than Etchart did, with shares changing hands as low as $167.44 in trading on Tuesday which is 5.2% under Etchart's purchase price. Alamo Group, is trading down about 4.7% on the day Tuesday. This buy marks the first one filed by Etchart in the past year.