Friday 4/6 Insider Buying Report: WOR, BUSE Friday, April 6, 10:40 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, Worthington Industries (WOR)'s Director, Michael J. Endres, made a $119,340 buy of WOR, purchasing 3,000 shares at a cost of $39.78 a piece. So far Endres is in the green, up about 5.4% on their buy based on today's trading high of $41.91. Worthington Industries is trading down about 0.3% on the day Friday. This buy marks the first one filed by Endres in the past twelve months.
And at First Busey Corp (BUSE), there was insider buying on Monday, by Director Jon D. Stewart who purchased 252 shares for a cost of $29.95 each, for a trade totaling $7,547. Before this latest buy, Stewart purchased BUSE on 7 other occasions during the past twelve months, for a total investment of $50,827 at an average of $30.56 per share. First Busey Corp is trading down about 0.3% on the day Friday. Stewart was up about 1.4% on the purchase at the high point of today's trading session, with BUSE trading as high as $30.37 in trading on Friday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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