Wednesday 4/22 Insider Buying Report: IMBI

Wednesday 4/22 Insider Buying Report: IMBI

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 one noteworthy recent insider buy.

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 one noteworthy recent insider buy.

At iMedia Brands, a filing with the SEC revealed that on Friday, Director Eyal Lalo bought 691,070 shares of IMBI, at a cost of $2.04 each, for a total investment of $1.41M.

Investors are able to snag IMBI even cheaper than Lalo did, with the stock trading as low as $1.57 in trading on Wednesday which is 23.3% under Lalo's purchase price.

IMedia Brands is trading up about 13.6% on the day Wednesday.