Monday 4/4 Insider Buying Report: LMCA, AEIS Monday, April 4, 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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Wednesday, Liberty Media (LMCA)'s Director, Brian Deevy, made a $386,574 purchase of LMCA, buying 10,000 shares at a cost of $38.66 each. So far Deevy is in the green, up about 1.0% on their purchase based on today's trading high of $39.04. Liberty Media is trading up about 0.5% on the day Monday. This purchase marks the first one filed by Deevy in the past twelve months.
And at Advanced Energy Industries (AEIS), there was insider buying on Wednesday, by Director Grant H. Beard who purchased 10,000 shares at a cost of $35.19 each, for a total investment of $351,876. Advanced Energy Industries is trading off about 0.3% on the day Monday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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