Friday 4/27 Insider Buying Report: LTM, NFLX Friday, April 27, 12:39 PM ET
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.
At Life-Time Fitness Inc (LTM), a filing with the SEC revealed that on Tuesday, CEO Bahram Akradi bought 16,905 shares of LTM, for a cost of $44.07 each, for a total investment of $745,008. So far Akradi is in the green, up about 7.6% on their buy based on today's trading high of $47.44. Life-Time Fitness Inc is trading up about 1.8% on the day Friday.
And at Netflix Inc. (NFLX), there was insider buying on Wednesday, by Director Richard N. Barton who bought 6,000 shares at a cost of $85.05 each, for a trade totaling $510,300. Netflix Inc. is trading down about 1.9% on the day Friday.
For MarketNewsVideo.com, I'm Kristin Bianco.
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