By DividendChannel.com 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 January 18, Kronos Worldwide Inc’s Director, Glenn R. Simmons, invested $95,875.00 into 5,000 shares of KRO, for a cost per share of $19.18. 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 they expect to make money.
Source: FULL ARTICLE at Forbes Markets