Monday 12/28 Insider Buying Report: ATU, PJT Monday, December 28, 10:35 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 Wednesday, Actuant (ATU)'s CEO, Robert C. Arzbaecher, made a $4.98M purchase of ATU, buying 210,000 shares at a cost of $23.71 a piece. Arzbaecher was up about 4.5% on the buy at the high point of today's trading session, with ATU trading as high as $24.78 at last check today. Actuant is trading off about 1.7% on the day Monday. This purchase marks the first one filed by Arzbaecher in the past year.
And also on Wednesday, CEO Paul J. Taubman purchased $1.3M worth of PJT Partners (PJT), purchasing 50,000 shares at a cost of $25.97 each. Before this latest buy, Taubman made one other purchase in the past twelve months, buying $5M shares at a cost of $20.00 each. PJT Partners is trading up about 1.1% on the day Monday. Taubman was up about 6.3% on the purchase at the high point of today's trading session, with PJT trading as high as $27.62 in trading on Monday.
For MarketNewsVideo.com, I'm Sayoko Murase.
|