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 Friday, Stronghold Digital Mining’s Director, Thomas Pacchia, made a $49,989 buy of SDIG, purchasing 2,631 shares at a cost of $19.00 a piece. So far Pacchia is in the green, up about 44.5% on their buy based on today’s trading high of $27.45. Stronghold Digital Mining is trading off about 1.4% on the day Wednesday.
And at Enerpac Tool Group, there was insider buying on Tuesday, by Richard D. Holder who bought 2,000 shares for a cost of $20.30 each, for a trade totaling $40,605. Enerpac Tool Group is trading up about 2.1% on the day Wednesday.
VIDEO: Wednesday 10/27 Insider Buying Report: SDIG, EPAC
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