Friday 3/20 Insider Buying Report: JMBA, LEA Friday, March 20, 10:41 AM 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 Jamba (JMBA), a filing with the SEC revealed that on Tuesday, Director Glenn W. Welling bought 150,000 shares of JMBA, for a cost of $14.01 each, for a total investment of $2.10M. Welling was up about 8.4% on the purchase at the high point of today's trading session, with JMBA trading as high as $15.19 at last check today.
And also on Tuesday, Director Kathleen Ligocki purchased $270,750 worth of Lear Corp. (LEA), purchasing 2,500 shares at a cost of $108.30 each. Lear Corp. is trading up about 0.3% on the day Friday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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