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 Fox, a filing with the SEC revealed that on Saturday, Executive Chairman, CEO Lachlan K.
Murdoch bought 229,024 shares of FOX, at a cost of $25.74 each, for a total investment of $5.9M.
So far Murdoch is in the green, up about 1.6% on their buy based on today's trading high of $26.14.
Fox is trading up about 1.2% on the day Wednesday.
Before this latest buy, Murdoch bought FOX on 2 other occasions during the past twelve months, for a total investment of $4.27M at an average of $28.30 per share.
And on Friday, CHIEF LEARNING OFFICER Paul W.
Grunau bought $1.03M worth of API Group, buying 70,000 shares at a cost of $14.74 each.
This purchase marks the first one filed by Grunau in the past twelve months.
API Group is trading up about 1.2% on the day Wednesday.
Grunau was up about 7.0% on the purchase at the high point of today's trading session, with APG trading as high as $15.77 at last check today.
