Thursday 8/4 Insider Buying Report: RCL, CB Thursday, August 4, 10:45 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 Royal Caribbean Cruises (RCL), a filing with the SEC revealed that on Wednesday, CEO Richard D. Fain purchased 29,190 shares of RCL, for a cost of $68.52 each, for a total investment of $2M. So far Fain is in the green, up about 4.7% on their purchase based on today's trading high of $71.73. Royal Caribbean Cruises is trading up about 4.1% on the day Thursday.
And at Chubb (CB), there was insider buying on Wednesday, by Director Robert W. Scully who purchased 10,725 shares at a cost of $125.95 each, for a total investment of $1.35M. This purchase marks the first one filed by Scully in the past year. Chubb is trading up about 0.4% on the day Thursday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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