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Monday 8/20 Insider Buying Report: FOX, PENN
Monday, August 20, 10:31 AM ET

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 make money. So let's look at two noteworthy recent insider buys.

On Thursday, Twenty-First Century Fox (FOX)'s Executive Chairman, Lachlan K. Murdoch, made a $6.27M purchase of FOX, buying 137,801 shares at a cost of $45.48 a piece. Investors have the opportunity to pick up FOX even cheaper than Murdoch did, with shares changing hands as low as $44.72 at last check today that's 1.7% below Murdoch's purchase price. Twenty-First Century Fox is trading flat on the day Monday.

And at Penn National Gaming (PENN), there was insider buying on Wednesday, by Chief Executive Officer Timothy J. Wilmott who bought 100,000 shares for a cost of $30.85 each, for a total investment of $3.09M. Penn National Gaming is trading up about 1.5% on the day Monday. Wilmott was up about 11.3% on the purchase at the high point of today's trading session, with PENN trading as high as $34.32 at last check today.

For MarketNewsVideo.com, I'm Sayoko Murase.

Monday 8/20 Insider Buying Report: FOX, PENN
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