Friday 4/9 Insider Buying Report: ASTS, CZNC

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money.

Today we look at two noteworthy recent insider buys.

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money.

Today we look at two noteworthy recent insider buys.

On Tuesday, AST SpaceMobile's Director, Adriana Cisneros, made a $2M purchase of ASTS, buying 200,000 shares at a cost of $10.00 each.

Cisneros was up about 6.2% on the purchase at the high point of today's trading session, with ASTS trading as high as $10.62 in trading on Friday.

AST SpaceMobile is trading down about 4.1% on the day Friday.

This purchase marks the first one filed by Cisneros in the past year.

And on Monday, Frank G.

Pellegrino purchased $7,176 worth of Citizens & Northern, purchasing 299 shares at a cost of $24.00 each.

Before this latest buy, Pellegrino bought CZNC on 11 other occasions during the past year, for a total investment of $92,644 at an average of $18.11 per share.

Citizens & Northern is trading up about 0.5% on the day Friday.

Investors can grab CZNC even cheaper than Pellegrino did, with shares trading as low as $23.56 at last check today which is 1.8% below Pellegrino's purchase price.