Tuesday 7/17 Insider Buying Report: DISH, MPW Tuesday, July 17, 10:32 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.
At Dish Network Corp (DISH), a filing with the SEC revealed that on Thursday, Executive Vice President James Defranco purchased 5,000 shares of DISH, at a cost of $32.99 each, for a total investment of $164,950. Bargain hunters have the opportunity to pick up DISH at a price even lower than Defranco did, with the stock trading as low as $31.50 in trading on Tuesday which is 4.5% below Defranco's purchase price. Dish Network Corp is trading off about 1.8% on the day Tuesday. Before this latest buy, Defranco bought DISH at 4 other times during the past twelve months, for a total cost of $782,350 at an average of $31.29 per share.
And also on Thursday, Director G. Steven Dawson bought $81,589 worth of Medical Properties Trust (MPW), buying 5,662 shares at a cost of $14.41 each. This purchase marks the first one filed by Dawson in the past year. Medical Properties Trust is trading off about 1.4% on the day Tuesday. Investors have the opportunity to buy MPW even cheaper than Dawson did, with the stock changing hands as low as $14.08 at last check today — that's 2.3% below Dawson's purchase price.
For MarketNewsVideo.com, I'm Sayoko Murase.
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