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 Monday, Escalade's Director, Walter P. Glazer Jr., made a $612,543 purchase of ESCA, buying 53,633 shares at a cost of $11.42 each. So far Glazer Jr. is in the green, up about 11.2% on their buy based on today's trading high of $12.70. Escalade is trading up about 6.8% on the day Tuesday. Before this latest buy, Glazer Jr. made one other purchase in the past year, buying $122,263 shares at a cost of $7.90 a piece. And at Atlantic Capital Bancshares, there was insider buying on Thursday, by Shantella E. Cooper who bought 4,200 shares for a cost of $12.22 each, for a total investment of $51,311. This purchase marks the first one filed by Cooper in the past twelve months. Atlantic Capital Bancshares is trading up about 0.9% on the day Tuesday. So far Cooper is in the green, up about 3.8% on their buy based on today's trading high of $12.68. | |||||
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