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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.

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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

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