Tuesday 7/16 Insider Buying Report: HQY, FDX Tuesday, July 16, 11:27 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 Friday, HealthEquity (HQY)'s Founder and Vice Chairman, Stephen Neeleman, made a $610,000 buy of HQY, purchasing 10,000 shares at a cost of $61.00 each. So far Neeleman is in the green, up about 16.4% on their purchase based on today's trading high of $70.99. HealthEquity is trading trading flat on the day Tuesday. This buy marks the first one filed by Neeleman in the past year.
And at FedEx Corp (FDX), there was insider buying on Friday, by Director John C. Inglis who bought 600 shares at a cost of $167.69 each, for a trade totaling $100,614. FedEx Corp is trading up about 2.5% on the day Tuesday. So far Inglis is in the green, up about 3.0% on their purchase based on today's trading high of $172.66.
For MarketNewsVideo.com, I'm Sayoko Murase.
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