Monday 6/27 Insider Buying Report: LB, FMNB Monday, June 27, 10:31 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 Friday, L Brands (LB)'s Director, Allan R. Tessler, made a $237,706 buy of LB, purchasing 3,500 shares at a cost of $67.92 each. Bargain hunters have the opportunity to snag LB even cheaper than Tessler did, with shares trading as low as $65.65 at last check today -- that's 3.3% below Tessler's purchase price. L Brands is trading down about 2.6% on the day Monday. This buy marks the first one filed by Tessler in the past twelve months.
And at Farmers National Banc (FMNB), there was insider buying on Friday, by Director Terry A. Moore who bought 11,000 shares at a cost of $8.90 each, for a total investment of $97,900. Before this latest buy, Moore purchased FMNB at 10 other times during the past year, for a total cost of $175,486 at an average of $8.49 per share. Farmers National Banc is trading up about 0.1% on the day Monday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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