Tuesday 12/1 Insider Buying Report: LC, LQDT Tuesday, December 1, 10:52 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.
On Monday, LendingClub (LC)'s Chief Executive Officer, Renaud Laplanche, made a $720,000 purchase of LC, buying 60,000 shares at a cost of $12.00 a piece. So far Laplanche is in the green, up about 6.1% on their purchase based on today's trading high of $12.73. LendingClub is trading up about 3.7% on the day Tuesday. Before this latest buy, Laplanche made one other purchase in the past twelve months, buying $627,730 shares at a cost of $12.55 a piece.
And at Liquidity Services (LQDT), there was insider buying on Friday, by Director Jaime Mateus-tique who purchased 100,000 shares for a cost of $6.74 each, for a total investment of $673,956. Liquidity Services is trading up about 3.5% on the day Tuesday. So far Mateus-tique is in the green, up about 6.2% on their purchase based on today's trading high of $7.16.
For MarketNewsVideo.com, I'm Sayoko Murase.
|