Friday 6/9 Insider Buying Report: TDY, TUES Friday, June 9, 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 Teledyne Technologies (TDY), a filing with the SEC revealed that on Thursday, CEO Robert Mehrabian purchased 10,000 shares of TDY, for a cost of $129.41 each, for a total investment of $1.29M. Mehrabian was up about 2.2% on the purchase at the high point of today's trading session, with TDY trading as high as $132.20 at last check today. Teledyne Technologies is trading up about 0.6% on the day Friday.
And on Monday, Chief Executive Officer Steven R. Becker bought $172,900 worth of Tuesday Morning Corp. (TUES), buying 100,000 shares at a cost of $1.73 each. Before this latest buy, Becker bought TUES on 4 other occasions during the past year, for a total investment of $1.32M at an average of $3.06 per share. Tuesday Morning Corp. is trading up about 2% on the day Friday. Becker was up about 15.7% on the purchase at the high point of today's trading session, with TUES trading as high as $2.00 at last check today.
For MarketNewsVideo.com, I'm Sayoko Murase.
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