There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on July 20, Alcoa, Inc.'s Director, Ulrich Schmidt, invested $52,000.00 into 5,000 shares of AA, for a cost per share of $10.40. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that t...
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on July 20, Alcoa, Inc.'s Director, Ulrich Schmidt, invested $52,000.00 into 5,000 shares of AA, for a cost per share of $10.40. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that t...
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