Friday 8/21 Insider Buying Report: PWOD, TPR

Friday 8/21 Insider Buying Report: PWOD, TPR

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.

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.

On Thursday, Penns Woods Bancorp's Director, William Edwards, made a $199,998 buy of PWOD, purchasing 9,756 shares at a cost of $20.50 a piece.

Penns Woods Bancorp is trading off about 1.3% on the day Friday.

Before this latest buy, Edwards bought PWOD on 4 other occasions during the past twelve months, for a total investment of $569,285 at an average of $27.37 per share.

And at Tapestry, there was insider buying on Wednesday, by Director John P.

Bilbrey who purchased 12,980 shares for a cost of $15.27 each, for a total investment of $198,205.

Before this latest buy, Bilbrey purchased TPR at 2 other times during the past twelve months, for a total cost of $250,028 at an average of $15.73 per share.

Tapestry is trading up about 1.2% on the day Friday.

Bargain hunters can buy TPR at a price even lower than Bilbrey did, with the stock trading as low as $14.41 in trading on Friday which is 5.6% under Bilbrey's purchase price.