Thursday 2/20 Insider Buying Report: ALTG, ADTN

Thursday 2/20 Insider Buying Report: ALTG, ADTN

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 Tuesday, Alta Equipment Group's Director, Daniel Shribman, made a $499,996 buy of ALTG, purchasing 47,393 shares at a cost of $10.55 each.

Alta Equipment Group is trading down about 0.9% on the day Thursday.

This buy marks the first one filed by Shribman in the past twelve months.

And also on Tuesday, Chief Product Officer Daniel T.

Whalen purchased $177,367 worth of Adtran, purchasing 20,000 shares at a cost of $8.87 a piece.

This purchase marks the first one filed by Whalen in the past twelve months.

Adtran is trading up about 6.6% on the day Thursday.

Whalen was up about 5.5% on the purchase at the high point of today's trading session, with ADTN trading as high as $9.36 in trading on Thursday.