Thursday 9/8 Insider Buying Report: ZTS, COO Thursday, September 8, 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 Zoetis (ZTS), a filing with the SEC revealed that on Tuesday, Director Michael B. McCallister bought 2,000 shares of ZTS, at a cost of $51.34 each, for a total investment of $102,680. McCallister was up about 1.5% on the buy at the high point of today's trading session, with ZTS trading as high as $52.10 in trading on Thursday. Zoetis is trading off about 1.1% on the day Thursday.
And at Cooper Companies (COO), there was insider buying on Tuesday, by Director William A. Kozy who bought 270 shares at a cost of $186.69 each, for a trade totaling $50,406. Cooper Companies is trading up about 0.2% on the day Thursday. So far Kozy is in the green, up about 1.6% on their purchase based on today's trading high of $189.67.
For MarketNewsVideo.com, I'm Sayoko Murase.
|