Tuesday 12/17 Insider Buying Report: MYL, PRXL Tuesday, December 17, 3:31 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.
On Thursday, Mylan (MYL)'s Director, Melina E. Higgins, made a $210,167 buy of MYL, purchasing 5,000 shares at a cost of $42.03 a piece. Investors have the opportunity to snag MYL at a price even lower than Higgins did, with the stock changing hands as low as $41.41 at last check today -- that's 1.5% under Higgins's purchase price. This purchase marks the first one filed by Higgins in the past twelve months.
And at PAREXEL International (PRXL), there was insider buying on Thursday, by President Xavier Flinois who bought 5,000 shares for a cost of $41.11 each, for a trade totaling $205,550. PAREXEL International is trading down about 1.5% on the day Tuesday.
For MarketNewsVideo.com, I'm Sayoko Murase.
|