Thursday 10/4 Insider Buying Report: LTD, EXTR Thursday, October 4, 1:30 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 Limited Brands Inc. (LTD), a filing with the SEC revealed that on Tuesday, Director Michael G. Morris bought 10,110 shares of LTD, at a cost of $49.43 each, for a total investment of $499,737. Morris was up about 3.3% on the buy at the high point of today's trading session, with LTD trading as high as $51.04 in trading on Thursday. Limited Brands Inc. is trading up about 0.1% on the day Thursday. This purchase marks the first one filed by Morris in the past twelve months.
And at Extreme Networks, Inc. (EXTR), there was insider buying on Monday, by Director Edward Terino who bought 100,000 shares at a cost of $3.38 each, for a trade totaling $338,110. Extreme Networks, Inc. is trading up about 0.3% on the day Thursday. So far Terino is in the green, up about 7.1% on their buy based on today's trading high of $3.62.
For MarketNewsVideo.com, I'm Sayoko Murase.
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