Wednesday 4/22 Insider Buying Report: GE, IMDZ Wednesday, April 22, 10:34 AM 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 General Electric (GE), a filing with the SEC revealed that on Monday, Director James E. Rohr bought 20,000 shares of GE, for a cost of $27.15 each, for a total investment of $543,000. Investors have the opportunity to bag GE even cheaper than Rohr did, with the stock trading as low as $26.60 in trading on Wednesday -- that's 2.0% below Rohr's purchase price. General Electric is trading up about 0.1% on the day Wednesday. This purchase marks the first one filed by Rohr in the past year.
And at Immune Design Corp (IMDZ), there was insider buying on Tuesday, by Director Lewis W. Coleman who bought 10,000 shares for a cost of $26.50 each, for a trade totaling $265,000. This purchase marks the first one filed by Coleman in the past twelve months. Immune Design Corp is trading trading flat on the day Wednesday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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