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Insider Buying Signals Potential in Primis and Fidelity D&D

Insider buying can indicate strong expectations. Recent purchases by Primis Financial and Fidelity D&D Bancorp's insiders suggest positive future outlooks for these stocks, despite current market dips.

Date: 
AI Rating:   6

Recent Insider Purchases: The report highlights notable insider buying from two companies: Primis Financial (FRST) and Fidelity D&D Bancorp (FDBC). John Fitzgerald Biagas, an insider at Primis Financial, purchased 4,103 shares at $10.94 each, totaling $44,897. The stock is currently down 1% on the day of reporting. Prior to this buy, Biagas made two other purchases in the past year, spending a total of $44,877 at an average price of $12.02.

Meanwhile, Chairman Brian J. Cali bought $38,720 worth of Fidelity D&D Bancorp stock, acquiring 880 shares at $44.00. This stock is down about 3.5% today. Cali's prior investments total $105,240 with an average purchase price of $48.42 per share. During the trading session, FDBC reached a high point of $48.22, indicating a 9.6% gain at one point for Cali's recent purchase.