Snatch This Bargain Even Cheaper Than General Counsel Nance Did

By Dividend Channel Staff, Monday, November 13, 10:50 AM ET

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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 November 8, Envista Holdings Corp's General Counsel, Mark E. Nance, invested $108,750.00 into 5,000 shares of NVST, for a cost per share of $21.75. 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 Monday, bargain hunters could buy shares of Envista Holdings Corp (NYSE:NVST) and achieve a cost basis 1.1% cheaper than Nance, with shares changing hands as low as $21.50 per share. Envista Holdings Corp shares are currently trading up about 0.4% on the day. The chart below shows the one year performance of NVST shares, versus its 200 day moving average:

Envista Holdings Corp Chart

Looking at the chart above, NVST's low point in its 52 week range is $20 per share, with $43.29 as the 52 week high point — that compares with a last trade of $21.62. By comparison, below is a table showing the prices at which NVST insider buying was recorded over the last six months:

Purchased	Insider	Title	Shares	Price/Share	Value
11/06/2023	Stephen Keller	Principal Financial Officer	2,000	$21.53	$43,060.00
11/06/2023	Amir Aghdaei	Chief Executive Officer	10,000	$21.53	$215,253.07
11/08/2023	Mark E. Nance	General Counsel	5,000	$21.75	$108,750.00

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This Article's Word Cloud: Aghdaei Amir Back Bargain Bargains Cheaper Chief Corp Counsel Days Dollars Envista Executive Financial General Holdings Insider Insiders Join Keller Looking Mark Monday NVST NYSE Nance November Offer Officer Price Seven about below buying chart cost hunters insider last only point reason share shares stock that their trading week with

Snatch This Bargain Even Cheaper Than General Counsel Nance Did

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