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Friday 10/27 Insider Buying Report: T, ITW Friday, October 27, 10:34 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.
On Wednesday, AT&T (T)'s Director, Matthew K. Rose, made a $998,868 buy of T, purchasing 29,600 shares at a cost of $33.75 each. AT&T is trading up about 0.2% on the day Friday.
And at Illinois Tool Works (ITW), there was insider buying on Wednesday, by Sr. VP, General Counsel & Secy Norman D. Finch Jr. who purchased 4,371 shares at a cost of $156.33 each, for a total investment of $683,318. This buy marks the first one filed by Finch Jr. in the past year. Illinois Tool Works is trading up about 0.1% on the day Friday. Finch Jr. was up about 1.1% on the buy at the high point of today's trading session, with ITW trading as high as $158.10 at last check today.
For MarketNewsVideo.com, I'm Sayoko Murase. | |
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