Monday 8/13 Insider Buying Report: DWDP, RL Monday, August 13, 10:32 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 Wednesday, DowDuPont (DWDP)'s Chief Executive Officer, Edward D. Breen, made a $2M buy of DWDP, purchasing 29,580 shares at a cost of $67.61 each. DowDuPont is trading off about 0.8% on the day Monday. This buy marks the first one filed by Breen in the past year.
And at Ralph Lauren Corp (RL), there was insider buying on Thursday, by Director Michael A. George who purchased 1,815 shares for a cost of $137.72 each, for a trade totaling $249,962. Ralph Lauren Corp is trading up about 0.4% on the day Monday. Investors can snag RL even cheaper than George did, with the stock changing hands as low as $135.98 in trading on Monday — that's 1.3% below George's purchase price.
For MarketNewsVideo.com, I'm Sayoko Murase.
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