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.
And at Paramount Gold & Silver (PZG), there was insider buying on Wednesday, by CEO Christopher Crupi who bought 29,500 shares for a cost of $1.50 each, for a trade totaling $44,350. Before this latest buy, Crupi bought PZG on 6 other occasions during the past twelve months, for a total cost of $99,065 at an average of $2.28 per share. Paramount Gold & Silver is trading down about 2.6% on the day Friday.