Insider Purchases Signal Confidence at AMREP and Atlantic Union Bankshares

Recent regulatory filings reveal that key insiders at AMREP and Atlantic Union Bankshares have increased their holdings, signaling confidence in the long-term prospects of their respective firms. Insider buying is often viewed by traders as a bullish indicator, suggesting that those with the most intimate knowledge of a company's operations believe the current market price undervalues the asset. Timothy S. McNaney, a Director at AMREP (AXR), acquired 1,765 shares on Tuesday at a price of $28.17 per share, totaling an investment of $49,720. This transaction is particularly notable as it marks the first purchase filed by McNaney in the last twelve months. AMREP shares have shown slight positive momentum following the trade. Similarly, Nancy H. Agee increased her stake in Atlantic Union Bankshares (AUB) on Monday, purchasing 650 shares at $39.05 per share for a total of $25,382. While the purchase indicates internal confidence, the market has not yet fully mirrored this sentiment. From a trading perspective, Atlantic Union Bankshares currently presents a potential entry point below the insider's cost basis. Shares have recently changed hands as low as $37.10, which is approximately 5.0% below the price paid by Agee.