Monday 5/20 Insider Buying Report: QRTEA, HIL Monday, May 20, 10:37 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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Qurate Retail (QRTEA), a filing with the SEC revealed that on Wednesday, Chairman of the Board Gregory B. Maffei purchased 50,000 shares of QRTEA, for a cost of $12.75 each, for a total investment of $637,555. Maffei was up about 6.3% on the buy at the high point of today's trading session, with QRTEA trading as high as $13.55 in trading on Monday. Qurate Retail is trading off about 0.1% on the day Monday. Before this latest buy, Maffei made one other buy in the past twelve months, purchasing $1.25M shares at a cost of $12.49 a piece.
And on Thursday, Director James M. Chadwick purchased $516,580 worth of Hill International (HIL), purchasing 225,581 shares at a cost of $2.29 each. Before this latest buy, Chadwick made one other purchase in the past twelve months, buying $306,608 shares at a cost of $2.24 each. Hill International is trading up about 3.4% on the day Monday. So far Chadwick is in the green, up about 6.6% on their buy based on today's trading high of $2.44.
For MarketNewsVideo.com, I'm Sayoko Murase.
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