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Friday 5/1 Insider Buying Report: AGNC, FHNBargain 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. At AGNC Investment, a filing with the SEC revealed that on Thursday, Director John D. Fisk bought 15,628 shares of AGNC, at a cost of $12.77 each, for a total investment of $199,570. Bargain hunters can grab AGNC even cheaper than Fisk did, with the stock changing hands as low as $12.15 at last check today which is 4.9% below Fisk's purchase price. AGNC Investment is trading off about 1.3% on the day Friday. And at First Horizon National, there was insider buying on Wednesday, by Director Mark A. Emkes who purchased 10,000 shares for a cost of $9.42 each, for a total investment of $94,200. First Horizon National is trading down about 5.7% on the day Friday. Investors are able to buy FHN even cheaper than Emkes did, with the stock trading as low as $8.51 in trading on Friday which is 9.7% below Emkes's purchase price. | ||||||||||
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