Monday 10/30 Insider Buying Report: LMT, MAA Monday, October 30, 10:31 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.
On Wednesday, Lockheed Martin (LMT)'s Director, Daniel F. Akerson, made a $780,059 buy of LMT, purchasing 2,500 shares at a cost of $312.02 each. Investors are able to buy LMT at a price even lower than Akerson did, with shares changing hands as low as $307.82 at last check today -- that's 1.3% under Akerson's purchase price. Lockheed Martin is trading up about 0.6% on the day Monday. This buy marks the first one filed by Akerson in the past twelve months.
And at Mid-America Apartment Communities (MAA), there was insider buying on Friday, by Director William Reid Sanders who bought 7,000 shares for a cost of $100.11 each, for a trade totaling $700,798. Mid-America Apartment Communities is trading up about 0.2% on the day Monday. Sanders was up about 1.5% on the buy at the high point of today's trading session, with MAA trading as high as $101.65 in trading on Monday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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