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Insider Buying Report: Notable Purchases by Gonzalez and O'Reilly
ByAinvest
Friday, Jun 27, 2025 10:37 am ET1min read
Intergroup's COO, David C. Gonzalez, bought $112,644 worth of INTG shares at $12.86 each, while Timothy M. O'Reilly bought $49,996 worth of Invesco Quality Municipal Income Trust shares at $9.33 each. Both purchases are considered insider buying, which may indicate that the insiders expect to make money from these investments. INTG is trading up 2.1% on the day, while Invesco Quality Municipal Income Trust is trading flat.
June 19, 2025InterGroup's COO Purchases INTG Shares; Insider Buying Indicates Potential Upside
InterGroup Corporation (INTG) saw a notable insider purchase recently, with its COO, David C. Gonzalez, buying $112,644 worth of INTG shares at $12.86 each. This purchase, made on Wednesday, represents a significant signal from an insider who expects the stock to perform well. Gonzalez's buy was at a price of $12.86 per share, and as of Friday, INTG traded as high as $14.64, indicating a 13.9% gain on the transaction [1].
Invesco Quality Municipal Income Trust: Insider Buying
On Tuesday, Timothy M. O'Reilly purchased $49,996 worth of Invesco Quality Municipal Income Trust (IQI) shares at $9.33 each. This insider buy is another indicator that insiders are optimistic about the investment's potential. As of Friday, IQI is trading flat, but O'Reilly's purchase was based on a cost of $9.33 per share, and the stock reached a high of $9.35 on Friday, showing a slight gain of 0.2% on the investment [2].
Market Reactions and Implications
INTG is trading up 2.1% on the day Friday, following Gonzalez's insider purchase. This increase suggests that investors are taking notice of the insider buy and are positioning themselves accordingly. For Invesco Quality Municipal Income Trust, the stock is trading flat, indicating that the market has not yet fully reacted to O'Reilly's purchase.
Conclusion
Insider buying can serve as a valuable indicator for investors, as it suggests that insiders have confidence in the future prospects of a company. While these purchases do not guarantee future performance, they can provide insight into the company's direction and the sentiment of key stakeholders. For INTG, the insider buying activity may suggest that the stock is undervalued and could see further gains. For IQI, the insider purchase indicates optimism, but the market's reaction is still pending.
References
[1] https://simplywall.st/stocks/us/real-estate-management-and-development/nasdaq-intg/intergroup
[2] https://www.nasdaq.com/articles/friday-6-27-insider-buying-report-intg-iqi
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