Tuesday 10/20 Insider Buying Report: VAC, SCHW Tuesday, October 20, 10:31 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 Marriott Vacations Worldwide (VAC), a filing with the SEC revealed that on Monday, CEO Stephen P. Weisz purchased 4,000 shares of VAC, at a cost of $62.43 each, for a total investment of $249,720. Marriott Vacations Worldwide is trading up about 3.1% on the day Tuesday.
And at The Charles Schwab Corporation (SCHW), there was insider buying on Friday, by Director Mark A. Goldfarb who purchased 7,100 shares at a cost of $28.57 each, for a total investment of $202,842. Before this latest buy, Goldfarb made one other purchase in the past twelve months, buying $74,992 shares at a cost of $29.21 a piece. The Charles Schwab Corporation is trading up about 1.1% on the day Tuesday.
For MarketNewsVideo.com, I'm Sayoko Murase.
|