Thursday 5/21 Insider Buying Report: VA, LMRK Thursday, May 21, 10:32 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 Virgin America (VA), a filing with the SEC revealed that on Wednesday, Director Robert A. Nickell purchased 70,500 shares of VA, at a cost of $28.35 each, for a total investment of $2M. Bargain hunters are able to bag VA even cheaper than Nickell did, with the stock trading as low as $27.80 in trading on Thursday which is 1.9% below Nickell's purchase price. Virgin America is trading up about 2.4% on the day Thursday. This buy marks the first one filed by Nickell in the past twelve months.
And also on Wednesday, Arthur P. Brazy Jr. purchased $251,250 worth of Landmark Infrastructure Partners LP (LMRK), purchasing 15,000 shares at a cost of $16.75 a piece. This purchase marks the first one filed by Brazy Jr. in the past year. Landmark Infrastructure Partners LP is trading down about 0.3% on the day Thursday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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