Friday 12/2 Insider Buying Report: TDG, STKL Friday, December 2, 10:34 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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At TransDigm Group (TDG), a filing with the SEC revealed that on Wednesday, Director Raymond F. Laubenthal purchased 7,200 shares of TDG, at a cost of $245.39 each, for a total investment of $1.77M. Bargain hunters have the opportunity to grab TDG even cheaper than Laubenthal did, with the stock trading as low as $235.14 in trading on Friday -- that's 4.2% below Laubenthal's purchase price. TransDigm Group is trading down about 1.3% on the day Friday. Before this latest buy, Laubenthal made one other buy in the past twelve months, purchasing $1.77M shares at a cost of $245.39 a piece.
And at SunOpta (STKL), there was insider buying on Thursday, by Director Albert D. Bolles who purchased 40,000 shares for a cost of $7.35 each, for a total investment of $293,956. SunOpta is trading up about 1.4% on the day Friday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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