Wednesday 7/26 Insider Buying Report: ELS, HOMB Wednesday, July 26, 10:37 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 Equity Lifestyle Properties (ELS), a filing with the SEC revealed that on Friday, Chairman of the Board Samuel Zell bought 805,333 shares of ELS, at a cost of $87.43 each, for a total investment of $70.41M. Equity Lifestyle Properties is trading up about 1.1% on the day Wednesday.
And on Monday, Chairman John W. Allison bought $370,252 worth of Home BancShares (HOMB), buying 15,000 shares at a cost of $24.68 a piece. Home BancShares is trading down about 1.4% on the day Wednesday. Allison was up about 4.9% on the buy at the high point of today's trading session, with HOMB trading as high as $25.90 at last check today.
For MarketNewsVideo.com, I'm Sayoko Murase.
|