Monday 7/18 Insider Buying Report: RHP, AZZ Monday, July 18, 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.
At Ryman Hospitality Properties (RHP), a filing with the SEC revealed that on Friday, CEO Colin V. Reed bought 7,377 shares of RHP, at a cost of $53.44 each, for a total investment of $394,259. So far Reed is in the green, up about 1.3% on their purchase based on today's trading high of $54.12. Ryman Hospitality Properties is trading up about 0.6% on the day Monday. Before this latest buy, Reed purchased RHP on 3 other occasions during the past twelve months, for a total cost of $1.1M at an average of $51.85 per share.
And at AZZ (AZZ), there was insider buying on Friday, by Director Wallace P. Eisman who purchased 1,000 shares for a cost of $62.27 each, for a total investment of $62,270. This buy marks the first one filed by Eisman in the past year. AZZ is trading up about 1.5% on the day Monday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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