Friday 12/1 Insider Buying Report: BWLD, KW
Friday, December 1, 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 Thursday, Buffalo Wild Wings (BWLD)'s Director, Capital Management LP Marcato, made a $5.80M purchase of BWLD, buying 37,284 shares at a cost of $155.68 a piece. Buffalo Wild Wings is trading off about 0.2% on the day Friday. Before this latest buy, Marcato made one other purchase in the past twelve months, buying $998,363 shares at a cost of $109.71 each.
And also on Thursday, Director Stanley R. Zax bought $959,000 worth of Kennedy-Wilson Holdings (KW), buying 50,000 shares at a cost of $19.18 each. This purchase marks the first one filed by Zax in the past year. Kennedy-Wilson Holdings is trading up about 0.5% on the day Friday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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