Thursday 12/24 Insider Buying Report: AUB, ERC

Thursday 12/24 Insider Buying Report: AUB, ERC

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 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 cash to make a purchase, is that they expect to make money.

Today we look at two noteworthy recent insider buys.

On Wednesday, Atlantic Union Bankshares', Frank Russell Ellett, made a $96,172 buy of AUB, purchasing 3,000 shares at a cost of $32.06 a piece.

So far Ellett is in the green, up about 3.2% on their purchase based on today's trading high of $33.09.

Atlantic Union Bankshares is trading up about 0.3% on the day Thursday.

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

And on Tuesday, Christopher M.

Lee bought $78,325 worth of Wells Fargo Advantage Multi-Sector Income Fund, buying 6,500 shares at a cost of $12.05 each.

Before this latest buy, Lee made one other buy in the past twelve months, purchasing $72,420 shares for a cost of $12.07 a piece.

Wells Fargo Advantage Multi-Sector Income Fund is trading up about 0.8% on the day Thursday.