As can be seen, it was closer to 300K shares. For someone to step up and buy $2M worth of stock in these markets really tells you something. GLTA
Listed below are stocks that have had recent buying activity in the public market reported by insiders.
Bird Construction Inc. (BDT-T)
On July 11 and 12, Richard Bird, who sits on the board of directors, invested over $2-million in shares of Bird. He purchased a total of 279,011 shares at an average cost per share of roughly $7.45, after which this particular account held 1,100,000 shares.
The company pays its shareholders a monthly dividend of 3.25 cents per share or 39 cents per share yearly, equating to a current annualized yield of 5.5 per cent.
The stock is nearing oversold territory. The relative strength index (RSI) is at 31. Generally, an RSI reading at or below 30 reflects an oversold condition.