Monday 1/7 Insider Buying Report: FDX, EBAY Monday, January 7, 10:31 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, FedEx Corp (FDX)'s Director, David P. Steiner, made a $1.14M purchase of FDX, buying 7,000 shares at a cost of $162.92 each. FedEx Corp is trading down about 0.9% on the day Monday. This purchase marks the first one filed by Steiner in the past twelve months.
And at eBay (EBAY), there was insider buying on Wednesday, by Director Robert Holmes Swan who purchased 17,787 shares at a cost of $28.21 each, for a total investment of $501,766. This buy marks the first one filed by Swan in the past year. eBay is trading up about 0.1% on the day Monday. Swan was up about 3.5% on the purchase at the high point of today's trading session, with EBAY trading as high as $29.20 at last check today.
For MarketNewsVideo.com, I'm Sayoko Murase.
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