Apr 29, 2021 (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 Associated Banc-Corp, a filing with the SEC revealed that on Tuesday, Director John F. Bergstrom purchased 29,500 shares of ASB, for a cost of $21.65 each, for a total investment of $638,663. So far Bergstrom is in the green, up about 3.2% on their buy based on today's trading high of $22.34. Associated Banc-Corp is trading up about 2% on the day Thursday.
And at Business First Bancshares, there was insider buying on Wednesday, by Director John P. Ducrest who purchased 4,550 shares for a cost of $23.93 each, for a trade totaling $108,882. Business First Bancshares is trading up about 2.5% on the day Thursday.
The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=20210420210429insiderASBBF&mv=1 .
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