Tuesday 10/28 Insider Buying Report: ANGI, PM Tuesday, October 28, 3:44 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, Angie's List (ANGI)'s Director, Michael S. Maurer, made a $98,361 buy of ANGI, purchasing 15,000 shares at a cost of $6.56 a piece. Maurer was up about 9.8% on the purchase at the high point of today's trading session, with ANGI trading as high as $7.20 in trading on Tuesday. Angie's List is trading up about 3.6% on the day Tuesday. Before this latest buy, Maurer made one other purchase in the past twelve months, buying $97,788 shares for a cost of $8.15 each.
And at Philip Morris International (PM), there was insider buying on Thursday, by Director Sergio Marchionne who bought 1,000 shares for a cost of $87.98 each, for a trade totaling $87,980. Before this latest buy, Marchionne bought PM on 4 other occasions during the past twelve months, for a total investment of $336,340 at an average of $84.08 per share. Philip Morris International is trading up about 0.2% on the day Tuesday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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