Wednesday 4/23 Insider Buying Report: ADX, MCI
Wednesday, April 23, 3:07 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.
On Monday, Adams Express Company (ADX)'s Director, Frederic A. Escherich, made a $15,540 purchase of ADX, buying 1,200 shares at a cost of $12.95 each. Escherich was up about 0.8% on the buy at the high point of today's trading session, with ADX trading as high as $13.06 in trading on Wednesday. Adams Express Company is trading up about 0.2% on the day Wednesday.
And also on Monday, Michael Harlan Brown bought $15,050 worth of Babson Capital Corporate Investors Fund (MCI), buying 1,000 shares at a cost of $15.05 a piece. Before this latest buy, Brown purchased MCI on 2 other occasions during the past year, for a total cost of $16,949 at an average of $15.87 per share. Babson Capital Corporate Investors Fund is trading up about 0.3% on the day Wednesday. Brown was up about 0.7% on the purchase at the high point of today's trading session, with MCI trading as high as $15.15 in trading on Wednesday.
For MarketNewsVideo.com, I'm Sayoko Murase.
|
Free Email Alerts By Stock:
Launch related slideshow:
Tuesday 5/7 Insider Buying Report: HLF, GLO
Tuesday 5/7 Insider Buying Report: MAC
Monday 5/6 Insider Buying Report: DAL
S&P 500 Analyst Moves: SYK
Dow Analyst Moves: MRK
S&P 500 Analyst Moves: PWR
Tuesday Sector Laggards: Construction Materials & Machinery, Computer Peripherals
Tuesday Sector Leaders: Apparel Stores, Rental, Leasing, & Royalty Stocks
Monday Sector Laggards: Food, Drugs
Nasdaq 100 Movers: DDOG, GFS
S&P 500 Movers: BLDR, IP
Dow Movers: DIS, AAPL
Daily Dividend Report: CBT,SPG,MCHP,D,LLY
Daily Dividend Report: TFX,R,MAN,CNO,DOV
Daily Dividend Report: COF,HSY,ITW,LMT,AAPL
Fed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: August 14, 2015
Weekly Market Wrap: August 7, 2015
Weekly Market Wrap: July 31, 2015
Week Ahead Market Report: June 8, 2015
Week Ahead Market Report: May 18, 2015
Week Ahead Market Report: May 4, 2015
