Monday 7/25 Insider Buying Report: WAIR, JPW
Monday, July 25, 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.
At Wesco Aircraft Holdings (WAIR), a filing with the SEC revealed that on Thursday, CEO David J. Castagnola purchased 1,126 shares of WAIR, at a cost of $13.30 each, for a total investment of $14,973. Bargain hunters are able to snag WAIR even cheaper than Castagnola did, with the stock changing hands as low as $12.96 in trading on Monday -- that's 2.5% below Castagnola's purchase price. Wesco Aircraft Holdings is trading down about 0.5% on the day Monday. Before this latest buy, Castagnola bought WAIR on 8 other occasions during the past twelve months, for a total investment of $153,974 at an average of $13.13 per share.
And also on Thursday, Lili Yeh bought $4,888 worth of Nuveen Flexible Investment Income (JPW), buying 300 shares at a cost of $16.29 a piece. This buy marks the first one filed by Yeh in the past twelve months. Nuveen Flexible Investment Income is trading down about 0.1% on the day Monday. Yeh was up about 0.8% on the buy at the high point of today's trading session, with JPW trading as high as $16.43 at last check today.
For MarketNewsVideo.com, I'm Sayoko Murase.
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