Thursday 2/21 Insider Buying Report: VLO, BKD Thursday, February 21, 10:31 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 Valero Energy Corp (VLO), a filing with the SEC revealed that on Wednesday, Director Stephen M. Waters purchased 500 shares of VLO, at a cost of $84.97 each, for a total investment of $42,485. Waters was up about 1.4% on the buy at the high point of today's trading session, with VLO trading as high as $86.13 at last check today. Valero Energy Corp is trading up about 0.2% on the day Thursday.
And on Tuesday, Director Lee S. Wielansky bought $36,950 worth of Brookdale Senior Living (BKD), buying 5,000 shares at a cost of $7.39 each. Before this latest buy, Wielansky bought BKD on 2 other occasions during the past year, for a total cost of $146,838 at an average of $7.34 per share. Brookdale Senior Living is trading up about 4.3% on the day Thursday. Wielansky was up about 3.0% on the buy at the high point of today's trading session, with BKD trading as high as $7.61 at last check today.
For MarketNewsVideo.com, I'm Sayoko Murase.
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