Grab This Bargain Even Cheaper Than Director Kaganowicz DidBy Market News Video Staff, Tuesday, February 25, 3:24 PM ET Play Video: One Reason For Insiders to Buy
One Reason For Insiders to Buy
| SymbolPriceChg% ChgVolumeMkt Cap | REFR | 1.28 |  | 0.10 | | 6.88% | 41.31K | 30.90M | | PXN | 8.40 | UNCH | 0.0 | 78.2K | 0 | | As of: Mon, Apr 17, 8:03 PM Data delayed at least 20 minutes |
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Ten Bargains You Can Buy Cheaper Than The Insiders »
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 3, Research Frontiers Inc.'s Director, Alexander Kaganowicz, invested $12,740.00 into 2,000 shares of REFR, for a cost per share of $6.37. 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.In trading on Tuesday, bargain hunters could buy shares of Research Frontiers Inc. (NASDAQ: REFR) and achieve a cost basis 3.3% cheaper than Kaganowicz, with shares changing hands as low as $6.16 per share. Research Frontiers Inc. shares are currently trading down about 3.2% on the day. The chart below shows the one year performance of REFR shares, versus its 200 day moving average
Looking at the chart above, REFR's low point in its 52 week range is $3.00 per share, with $7.64 as the 52 week high point — that compares with a last trade of $6.32. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
PurchasedInsiderTitleSharesPrice/ShareValue | 11/11/2013 | Alexander Kaganowicz | Director | 2,000 | $5.00 | $10,000.00 | | 11/12/2013 | Alexander Kaganowicz | Director | 3,000 | $5.10 | $15,300.00 | | 11/26/2013 | Alexander Kaganowicz | Director | 2,000 | $7.30 | $14,600.00 | | 12/05/2013 | Alexander Kaganowicz | Director | 2,000 | $6.98 | $13,960.00 | | 12/13/2013 | Darryl Daigle | Director | 1,150 | $5.69 | $6,543.50 | | 12/18/2013 | Alexander Kaganowicz | Director | 1,000 | $5.77 | $5,770.00 | | 12/18/2013 | Darryl Daigle | Director | 1,155 | $5.61 | $6,479.55 | | 12/31/2013 | Darryl Daigle | Director | 1,500 | $5.69 | $8,535.00 | | 01/03/2014 | Alexander Kaganowicz | Director | 2,000 | $6.37 | $12,740.00 | | 12/31/2013 | Darryl Daigle | Director | 1,500 | $5.69 | $8,535.00 |
REFR makes up 2.94% of the Lux Nanotech Portfolio ETF ( PXN)
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