May 20, 2022 (MarketNewsVideo.com via COMTEX) --
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.
At Coupang, a filing with the SEC revealed that on Wednesday, Director Kevin M. Warsh purchased 76,077 shares of CPNG, for a cost of $13.17 each, for a total investment of $1.00M. Coupang is trading off about 3.3% on the day Friday.
And on Monday, Director Steven B. Klinsky purchased $832,426 worth of New Mountain Finance, purchasing 65,200 shares at a cost of $12.77 a piece. New Mountain Finance is trading down about 2.1% on the day Friday.
The preceding is a transcript of the MarketNewsVideo.com video published at: https://www.marketnewsvideo.com/?id=20220520220520insiderCPNGN&mv=1 .
COMTEX_407513090/2478/2022-05-20T13:39:12
Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.
