Wednesday, December 3 Insider Purchase Update: FISV, LUCK

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.

At Fiserv, a filing with the SEC revealed that on Monday, Chief Financial Officer Paul M. Todd purchased 17,000 shares of FISV, for a cost of $62.41 each, for a total investment of $1.06M. Todd was up about 8.5% on the purchase at the high point of today’s trading session, with FISV trading as high as $67.72 at last check today. Fiserv is trading up about 4.2% on the day Wednesday.

And on Friday, Director Richard Meynard Born purchased $485,472 worth of Lucky Strike Entertainment, purchasing 60,000 shares at a cost of $8.09 a piece. Lucky Strike Entertainment is trading up about 3.2% on the day Wednesday. So far Born is in the green, up about 7.2% on their purchase based on today’s trading high of $8.67.

VIDEO: Wednesday 12/3 Insider Buying Report: FISV, LUCK

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