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.
On Monday, Teledyne Technologies' Executive Vice President, Jason Vanwees, made a $638,995 buy of TDY, purchasing 1,500 shares at a cost of $426.00 each.
Vanwees was up about 2.0% on the buy at the high point of today's trading session, with TDY trading as high as $434.67 in trading on Tuesday.
Teledyne Technologies is trading off about 0.1% on the day Tuesday.
Before this latest buy, Vanwees made one other purchase in the past year, buying $1.07M shares at a cost of $357.48 a piece.
And on Friday, COO John P.
Watters bought $462,225 worth of FireEye, buying 25,000 shares at a cost of $18.49 each.
Before this latest buy, Watters bought FEYE on 4 other occasions during the past twelve months, for a total cost of $1.79M at an average of $17.94 per share.
FireEye is trading up about 1.8% on the day Tuesday.
So far Watters is in the green, up about 3.3% on their buy based on today's trading high of $19.09.