Wednesday 12/14 Insider Buying Report: KW Wednesday, December 14, 12:25 PM 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.
At Kennedy-Wilson Holdings Inc (KW), a filing with the SEC revealed that on Tuesday, Director Stanley R. Zax purchased 65,000 shares of KW, for a cost of $10.61 each, for a total investment of $689,494. Bargain hunters can snag KW even cheaper than Zax did, with shares changing hands as low as $10.42 at last check today -- that's 1.8% under Zax's purchase price. Kennedy-Wilson Holdings Inc is trading up about 1.1% on the day Wednesday. In the past year, 1 other insider purchased KW, purchasing $99,368 shares at a cost of $11.83 each.
For MarketNewsVideo.com, I'm Sayoko Murase.
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