Friday 7/31 Insider Buying Report: WWD, NAVI Friday, July 31, 10:51 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.
On Thursday, Woodward (WWD)'s Director, Gregg C. Sengstack, made a $579,165 purchase of WWD, buying 12,000 shares at a cost of $48.26 each. So far Sengstack is in the green, up about 1.6% on their purchase based on today's trading high of $49.02. Woodward is trading up about 0.2% on the day Friday. Before this latest buy, Sengstack made one other purchase in the past twelve months, buying $352,457 shares at a cost of $50.35 each.
And at Navient Corp (NAVI), there was insider buying on Tuesday, by Chief Executive Officer John F. Remondi who bought 20,250 shares at a cost of $15.81 each, for a total investment of $320,138. Navient Corp is trading up about 2% on the day Friday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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