Wednesday 11/19 Insider Buying Report: APD, MLM Wednesday, November 19, 1:08 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.
At Air Products & Chemicals (APD), a filing with the SEC revealed that on Tuesday, CEO Seifi Ghasemi purchased 23,000 shares of APD, at a cost of $138.97 each, for a total investment of $3.2M. So far Ghasemi is in the green, up about 2.3% on their buy based on today's trading high of $142.19. Air Products & Chemicals is trading up about 1.6% on the day Wednesday. Before this latest buy, Ghasemi made one other buy in the past year, purchasing $3.32M shares at a cost of $132.84 each.
And at Martin Marietta Materials (MLM), there was insider buying on Monday, by Director Stephen P. Zelnak Jr. who purchased 5,700 shares for a cost of $125.64 each, for a trade totaling $716,132. Before this latest buy, Zelnak Jr. made one other purchase in the past year, buying $517,620 shares for a cost of $129.41 each. Martin Marietta Materials is trading down about 0.1% on the day Wednesday. Zelnak Jr. was up about 1.7% on the buy at the high point of today's trading session, with MLM trading as high as $127.83 at last check today.
For MarketNewsVideo.com, I'm Kristin Bianco.
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