Friday, July 8, 2011

Insider Buying: 5 Recent CEO Buys of at Least $100K

Steven Kiel submits:

This week I have five stocks with CEO insider buys of at least $100,000. One of the reasons why I regularly do these lists is to learn about companies that I otherwise wouldn?t have come across. There are a few interesting ones in this list that I think require more research and are reasonably priced.

As I?ve previously mentioned, I prefer CEO and CFO insider buying to other buyers. Those two positions give a unique look to the day-to-day operations of the company and should provide better clues to performance or a stock mis-pricing. If any of these stocks look interesting to you, I encourage you to do more research before buying.

Below are five stocks with recent CEO buys of at least $100,000:

TrustCo Bank Corp. NY (TRST): CEO Robert J. McCormick participated in a secondary for this New York-based bank. McCormick bought $400,000 worth of shares at $4.60


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