Wednesday 2/20 Insider Buying Report: MCO, NSPH Wednesday, February 20, 4:49 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 Moody's Corp. (MCO), a filing with the SEC revealed that on Friday, Director John K. Wulff bought 3,000 shares of MCO, at a cost of $46.75 each, for a total investment of $140,250. So far Wulff is in the green, up about 3.2% on their purchase based on today's trading high of $48.26. Moody's Corp. is trading off about 2% on the day Wednesday. This purchase marks the first one filed by Wulff in the past twelve months.
And at Nanosphere Inc (NSPH), there was insider buying on Tuesday, by Director Sheli Z. Rosenberg who bought 50,000 shares for a cost of $1.97 each, for a total investment of $98,745. Nanosphere Inc is trading off about 0.5% on the day Wednesday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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