Wednesday 5/29 Insider Buying Report: IDYA, LOW Wednesday, May 29, 10:33 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.
On Tuesday, Ideaya Biosciences (IDYA)'s Director, John D. Diekman, made a $2.5M purchase of IDYA, buying 250,000 shares at a cost of $10.00 each. So far Diekman is in the green, up about 16.5% on their purchase based on today's trading high of $11.65. Ideaya Biosciences is trading up about 1.3% on the day Wednesday.
And at Lowe's Companies (LOW), there was insider buying on Friday, by CEO Marvin R. Ellison who purchased 10,000 shares at a cost of $95.05 each, for a total investment of $950,538. Lowe's Companies is trading up about 1.2% on the day Wednesday. Investors can pick up LOW at a price even lower than Ellison did, with the stock trading as low as $91.60 in trading on Wednesday which is 3.6% under Ellison's purchase price.
For MarketNewsVideo.com, I'm Sayoko Murase.
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