Monday 7/30 Insider Buying Report: WHR, ROP Monday, July 30, 10:33 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 Thursday, Whirlpool Corp (WHR)'s Director, Diane M. Dietz, made a $198,817 buy of WHR, purchasing 1,600 shares at a cost of $124.26 each. So far Dietz is in the green, up about 4.2% on their purchase based on today's trading high of $129.44. Whirlpool Corp is trading up about 0.7% on the day Monday. This buy marks the first one filed by Dietz in the past year.
And at Roper Technologies (ROP), there was insider buying on Friday, by Director Richard F. Wallman who purchased 500 shares at a cost of $299.50 each, for a trade totaling $149,750. Before this latest buy, Wallman purchased ROP at 2 other times during the past year, for a total investment of $280,295 at an average of $280.30 per share. Roper Technologies is trading down about 0.3% on the day Monday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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