Market News Video
Friday 5/17 Insider Buying Report: SYMC, PETQ
Friday, May 17, 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 Thursday, Symantec Corp (SYMC)'s Director, Peter A. Feld, made a $12.83M buy of SYMC, purchasing 650,000 shares at a cost of $19.73 each. Symantec Corp is trading up about 0.2% on the day Friday. This buy marks the first one filed by Feld in the past year.

And at PetIQ (PETQ), there was insider buying on Wednesday, by James Nathan Clarke who purchased 31,031 shares for a cost of $28.12 each, for a trade totaling $872,585. This buy marks the first one filed by Clarke in the past year. PetIQ is trading up about 0.5% on the day Friday. Clarke was up about 2.0% on the buy at the high point of today's trading session, with PETQ trading as high as $28.69 at last check today.

For MarketNewsVideo.com, I'm Sayoko Murase.

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