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.
At Teledyne Technologies, a filing with the SEC revealed that on Thursday, Executive Chairman Robert Mehrabian bought 10,000 shares of TDY, for a cost of $361.54 each, for a total investment of $3.62M.
So far Mehrabian is in the green, up about 3.9% on their purchase based on today's trading high of $375.70.
Teledyne Technologies Inc is trading up about 0.7% on the day Friday.
Before this latest buy, Mehrabian made one other purchase in the past year, buying $3.66M shares for a cost of $366.05 each.
And on Wednesday, CEO Robert M.
Blue purchased $999,998 worth of Dominion Energy, purchasing 14,402 shares at a cost of $69.44 each.
Dominion Energy is trading up about 0.1% on the day Friday.
Investors can buy D even cheaper than Blue did, with shares changing hands as low as $67.89 in trading on Friday -- that's 2.2% under Blue's purchase price.
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to..
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
