Thursday 12/3 Insider Buying Report: CMT, SMMF

Thursday 12/3 Insider Buying Report: CMT, SMMF

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.

On Monday, Core Molding Technologies' EVP, Human Resources, Renee R.

Anderson, made a $1.76M buy of CMT, purchasing 400 shares at a cost of $4400.00 each.

Bargain hunters can buy CMT even cheaper than Anderson did, with the stock trading as low as $12.15 at last check today which is 99.7% below Anderson's purchase price.

Core Molding Technologies is trading up about 6% on the day Thursday.

Before this latest buy, Anderson bought CMT on 2 other occasions during the past twelve months, for a total investment of $39,870 at an average of $3.47 per share.

And at Summit Financial Group, there was insider buying on Wednesday, by Director Gary L.

Hinkle who purchased 4,979 shares for a cost of $21.17 each, for a trade totaling $105,396.

Before this latest buy, Hinkle purchased SMMF at 5 other times during the past twelve months, for a total cost of $453,502 at an average of $20.75 per share.

Summit Financial Group is trading up about 0.3% on the day Thursday.