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.
At Meritage Homes, a filing with the SEC revealed that on Wednesday, Director Dana Bradford bought 10,000 shares of MTH, for a cost of $37.90 each, for a total investment of $379,040. Meritage Homes is trading off about 0.5% on the day Monday.
And at Talos Energy, there was insider buying on Thursday, by Director John B. Juneau who bought 12,400 shares for a cost of $24.15 each, for a trade totaling $299,460. Talos Energy Inc is trading up about 1.9% on the day Monday. Bargain hunters are able to bag TALO even cheaper than Juneau did, with shares changing hands as low as $22.53 in trading on Monday which is 6.7% under Juneau's purchase price.
For MarketNewsVideo.com, I'm Sayoko Murase.
Free Email Alerts By Stock:
Launch related slideshow:
Friday 4/26 Insider Buying Report: MSCI, ABEO
Thursday 4/25 Insider Buying Report: INTZ, RF
Wednesday 4/24 Insider Buying Report: CNXC, CET
S&P 500 Analyst Moves: FSLR
S&P 500 Analyst Moves: LULU
Dow Analyst Moves: MMM
Tuesday Sector Laggards: Non-Precious Metals & Non-Metallic Mining, Computer Peripherals
Tuesday Sector Leaders: Diagnostics, Biotechnology Stocks
Monday Sector Laggards: Precious Metals, Metals & Mining Stocks
Nasdaq 100 Movers: INTC, GOOGL
S&P 500 Movers: INTC, RMD
Dow Movers: INTC, AMZN
Daily Dividend Report: PH, SYY, XOM, CVX, BAC
Daily Dividend Report: PFE, SCHW, CI, MPC, AVY
Daily Dividend Report: CP, MET, GWW, MCK, BKR
Fed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: August 14, 2015
Weekly Market Wrap: August 7, 2015
Weekly Market Wrap: July 31, 2015
Week Ahead Market Report: June 8, 2015
Week Ahead Market Report: May 18, 2015
Week Ahead Market Report: May 4, 2015
