Wednesday 1/13 Insider Buying Report: RILY

Wednesday 1/13 Insider Buying Report: RILY

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 one noteworthy recent insider buy.

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 one noteworthy recent insider buy.

On Wednesday, B.

Riley Financial's President, Kenneth M.

Young, made a $73,600 purchase of RILY, buying 1,600 shares at a cost of $46.00 each.

Young was up about 12.2% on the purchase at the high point of today's trading session, with RILY trading as high as $51.62 in trading on Wednesday.

B.

Riley Financial is trading up about 8% on the day Wednesday.

Before this latest buy, Young bought RILY at 2 other times during the past twelve months, for a total cost of $98,105 at an average of $21.80 per share.