Tuesday 1/24 Insider Buying Report: PNC, XOS


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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

On Friday, PNC Financial Services Group’s President/CEO, William S. Demchak, made a $1.00M buy of PNC, purchasing 6,550 shares at a cost of $153.38 a piece. So far Demchak is in the green, up about 4.1% on their purchase based on today’s trading high of $159.73. PNC Financial Services Group is trading down about 0.4% on the day Tuesday. This buy marks the first one filed by Demchak in the past year.

And on Thursday, Chief Operating Officer Giordano Sordoni bought $171,894 worth of XOS, buying 168,268 shares at a cost of $1.02 a piece. Xos is trading down about 1.8% on the day Tuesday.

VIDEO: Tuesday 1/24 Insider Buying Report: PNC, XOS

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source link


Please enter your comment!
Please enter your name here