Tuesday 12/4 Insider Buying Report: HLF, ARLP Tuesday, December 4, 1:32 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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Herbalife Ltd. (HLF), a filing with the SEC revealed that on Thursday, Chief Operating Officer Richard Goudis purchased 45,516 shares of HLF, for a cost of $43.89 each, for a total investment of $2M. Goudis was up about 5.7% on the purchase at the high point of today's trading session, with HLF trading as high as $46.38 in trading on Tuesday. Herbalife Ltd. is trading up about 1.4% on the day Tuesday. Before this latest buy, Goudis purchased HLF on 2 other occasions during the past twelve months, for a total investment of $1.1M at an average of $45.11 per share.
And on Friday, Vice President and Controller Robert J. Fouch bought $455,959 worth of Alliance Resource Partners, L.P. (ARLP), buying 8,000 shares at a cost of $56.99 a piece. This purchase marks the first one filed by Fouch in the past twelve months. Alliance Resource Partners, L.P. is trading trading flat on the day Tuesday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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