Friday 4/19 Insider Purchase Report: LOVE, FAST
As is often said, there can be many reasons why insiders sell stocks, but only one reason to buy. In other words, they expect to make a profit. So let's take a look at two notable recent insider purchases.
At Lovesac, SEC filings revealed that director Andrew R. Heyer on Wednesday purchased 22,000 shares of LOVE stock at a price of $19.72 per share, for a total investment of $433,746. So far, Heyer has been profitable and is up about 8.0% in purchase value based on today's trading high of $21.29. Lovesac is up about 4.2% on Friday. Prior to this acquisition, Mr. Heyer had purchased his LOVE on two other occasions over the past year, for a total investment of $318,510 for him, or an average price of $24.75 per share.
And in Fastenal, there was insider buying on Wednesday by Daniel L. Johnson, who bought 3,350 shares at a price of $68.38 per share, for a total transaction of $229,056. Fastenal is up about 0.5% on Friday. Bargain hunters could buy Fast stock for even less than Mr. Johnson, with the stock trading as low as $67.34 at last check today, which is more than Mr. Johnson's purchase price. It is 1.5% lower.
Video: 4/19 Friday Insider Purchase Report: LOVE, FAST
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Summarize this content to 100 words
As is often said, there can be many reasons why insiders sell stocks, but only one reason to buy. In other words, they expect to make a profit. So let's take a look at two notable recent insider purchases.
At Lovesac, SEC filings revealed that director Andrew R. Heyer on Wednesday purchased 22,000 shares of LOVE stock at a price of $19.72 per share, for a total investment of $433,746. So far, Heyer has been profitable and is up about 8.0% in purchase value based on today's trading high of $21.29. Lovesac is up about 4.2% on Friday. Prior to this acquisition, Mr. Heyer had purchased his LOVE on two other occasions over the past year, for a total investment of $318,510 for him, or an average price of $24.75 per share.
And in Fastenal, there was insider buying on Wednesday by Daniel L. Johnson, who bought 3,350 shares at a price of $68.38 per share, for a total transaction of $229,056. Fastenal is up about 0.5% on Friday. Bargain hunters could buy Fast stock for even less than Mr. Johnson, with the stock trading as low as $67.34 at last check today, which is more than Mr. Johnson's purchase price. It is 1.5% lower.
Video: 4/19 Friday Insider Purchase Report: LOVE, FAST
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/friday-4-19-insider-buying-report:-love-fast Friday 4/19 Insider Purchase Report: LOVE, FAST
