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 cash 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 cash to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
On Wednesday, Olin's Director, W.
Anthony Will, made a $613,500 purchase of OLN, buying 10,000 shares at a cost of $61.35 a piece.
Olin is trading up about 2% on the day Friday.
This purchase marks the first one filed by Will in the past twelve months.
And on Thursday, CEO Terrence A.
Duffy bought $352,337 worth of CME Group, buying 1,600 shares at a cost of $220.21 a piece.
This purchase marks the first one filed by Duffy in the past year.
CME Group is trading up about 0.4% on the day Friday.
So far Duffy is in the green, up about 2.0% on their buy based on today's trading high of $224.56.