Friday 8/2 Insider Buying Report: BMY, MA Friday, August 2, 10:39 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.
At Bristol-Myers Squibb Co. (BMY), a filing with the SEC revealed that on Wednesday, Director Robert J. Bertolini purchased 11,000 shares of BMY, for a cost of $44.72 each, for a total investment of $491,920. Bertolini was up about 1.5% on the buy at the high point of today's trading session, with BMY trading as high as $45.41 at last check today. Bristol-Myers Squibb Co. is trading up about 0.4% on the day Friday. This purchase marks the first one filed by Bertolini in the past year.
And at Mastercard (MA), there was insider buying on Thursday, by Director Lance Darrell Gordon Uggla who bought 1,500 shares at a cost of $275.71 each, for a total investment of $413,560. Mastercard is trading off about 2.1% on the day Friday. Bargain hunters can buy MA at a price even lower than Uggla did, with shares trading as low as $268.27 at last check today which is 2.7% below Uggla's purchase price.
For MarketNewsVideo.com, I'm Sayoko Murase.
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