[Avid-L2] things that make you go "hmmmm"

 

From Forbes:

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 one noteworthy recent insider buy.

At Avid Technology (AVID), there was insider buying on Tuesday, by Director Robert M. Bakish who purchased 100,000 shares for a cost of $15.33 each, for a total investment of $1.53M. Before this latest buy, Bakish bought AVID on 5 other occasions during the past year, for a total investment of $3.13M at an average of $12.56 per share. Avid Technology is trading up about 3.8% on the day Friday. So far Bakish is in the green, up about 9.6% on their purchase based on today's trading high of $16.80.

I am not a stock trader. I owned Avid stock ONCE and it cost me: Selling at a slight loss after holding for over a year, hoping it would go back up to at least my purchase level.

I only post this here because it's newsworthy. … Well, this is from last week sometime, so from a stock buying perspective might be a bit stale.

Steve

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Posted by: Steve Hullfish <steve@veralith.com>

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