Friday 7/2 Insider Buying Report: NSYS, CAMP

Friday 7/2 Insider Buying Report: NSYS, CAMP

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 Monday, Nortech System's CFO, Christopher Dean Jones, made a $24,814 purchase of NSYS, buying 3,405 shares at a cost of $7.29 a piece.

So far Jones is in the green, up about 44.5% on their buy based on today's trading high of $10.53.

Nortech Systems is trading up about 26.3% on the day Friday.

Before this latest buy, Jones purchased NSYS at 2 other times during the past twelve months, for a total investment of $102,702 at an average of $6.16 per share.

And at CalAmp, there was insider buying on Tuesday, by CEO Jeffery R.

Gardner who bought 1,000 shares for a cost of $12.90 each, for a total investment of $12,900.

Before this latest buy, Gardner purchased CAMP at 3 other times during the past year, for a total investment of $21,248 at an average of $8.50 per share.

CalAmp Corp is trading off about 0.9% on the day Friday.

Investors are able to pick up CAMP at a price even lower than Gardner did, with the stock trading as low as $12.58 at last check today -- that's 2.5% below Gardner's purchase price.