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Wednesday 11/11 Insider Buying Report: COST, MDXG Wednesday, November 11, 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 Costco Wholesale (COST), a filing with the SEC revealed that on Tuesday, Director John W. Stanton bought 10,000 shares of COST, for a cost of $155.40 each, for a total investment of $1.55M. Costco Wholesale is trading trading flat on the day Wednesday.
And also on Tuesday, CEO Parker H. Petit bought $1.00M worth of MiMedx Group (MDXG), buying 131,925 shares at a cost of $7.58 a piece. This buy marks the first one filed by Petit in the past year. MiMedx Group is trading up about 2% on the day Wednesday. Petit was up about 3.2% on the purchase at the high point of today's trading session, with MDXG trading as high as $7.82 in trading on Wednesday.
For MarketNewsVideo.com, I'm Sayoko Murase. | |
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