Tuesday 3/3 Insider Buying Report: MDVN, QSR Tuesday, March 3, 10:46 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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Medivation (MDVN), a filing with the SEC revealed that on Friday, Director Kathryn E. Falberg bought 25,000 shares of MDVN, for a cost of $117.67 each, for a total investment of $2.94M. Falberg was up about 3.0% on the buy at the high point of today's trading session, with MDVN trading as high as $121.20 at last check today. Medivation is trading down about 0.9% on the day Tuesday. This buy marks the first one filed by Falberg in the past year.
And at Restaurant Brands International (QSR), there was insider buying on Thursday, by Director V. Milroy Thomas who bought 10,000 shares for a cost of $43.43 each, for a trade totaling $434,300. Restaurant Brands International is trading down about 2.5% on the day Tuesday. So far Thomas is in the green, up about 3.9% on their purchase based on today's trading high of $45.12.
For MarketNewsVideo.com, I'm Sayoko Murase.
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