Friday 4/24 Insider Buying Report: PNFP, PAAC

Friday 4/24 Insider Buying Report: PNFP, PAAC

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.

So let's look at two noteworthy recent insider buys.

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.

So let's look at two noteworthy recent insider buys.

At Pinnacle Financial Partners, a filing with the SEC revealed that on Thursday, Director G.

Kennedy Thompson purchased 5,000 shares of PNFP, for a cost of $34.86 each, for a total investment of $174,300.

Pinnacle Financial Partners is trading down about 0.5% on the day Friday.

Before this latest buy, Thompson purchased PNFP on 2 other occasions during the past year, for a total cost of $399,770 at an average of $49.97 per share.

And on Monday, Director Shih-chung Chou bought $120,000 worth of Proficient Alpha Acquisition, buying 600,000 shares at a cost of $0.20 each.

This purchase marks the first one filed by Chou in the past year.

Proficient Alpha Acquisition is trading up about 0.4% on the day Friday.

So far Chou is in the green, up about 5010.0% on their purchase based on today's trading high of $10.22.