Wednesday 5/20 Insider Buying Report: DD, MBTF Wednesday, May 20, 2:12 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.
On Monday, DuPont (DD)'s Director, James L. Gallogly, made a $999,136 buy of DD, purchasing 14,250 shares at a cost of $70.11 a piece. Gallogly was up about 1.9% on the buy at the high point of today's trading session, with DD trading as high as $71.44 at last check today. DuPont is trading off about 0.6% on the day Wednesday. Before this latest buy, Gallogly made one other buy in the past year, purchasing $231,537 shares for a cost of $77.18 a piece.
And at MBT Financial Corp. (MBTF), there was insider buying on Tuesday, by Director James F. Deutsch who purchased 18,996 shares for a cost of $5.71 each, for a total investment of $108,392. Before this latest buy, Deutsch purchased MBTF on 4 other occasions during the past twelve months, for a total cost of $84,260 at an average of $5.57 per share. MBT Financial Corp. is trading up about 1% on the day Wednesday. Deutsch was up about 4.1% on the buy at the high point of today's trading session, with MBTF trading as high as $5.94 at last check today.
For MarketNewsVideo.com, I'm Sayoko Murase.
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