Friday 5/20 Insider Buying Report: FDC, QHC Friday, May 20, 10:34 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 First Data (FDC), a filing with the SEC revealed that on Wednesday, Director Scott C. Nuttall purchased 100,000 shares of FDC, for a cost of $10.62 each, for a total investment of $1.06M. So far Nuttall is in the green, up about 6.6% on their buy based on today's trading high of $11.32. First Data is trading up about 3% on the day Friday.
And also on Wednesday, CEO Thomas Daniel Miller purchased $571,000 worth of Quorum Health (QHC), purchasing 50,000 shares at a cost of $11.42 a piece. This purchase marks the first one filed by Miller in the past year. Quorum Health is trading up about 4.8% on the day Friday. So far Miller is in the green, up about 12.1% on their purchase based on today's trading high of $12.80.
For MarketNewsVideo.com, I'm Sayoko Murase.
|