Tuesday 8/6 Insider Buying Report: F, LNDC Tuesday, August 6, 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.
On Thursday, Ford Motor Co. (F)'s Exec. Chairman and Chairman, William Clay Ford Jr., made a $8M purchase of F, buying 840,962 shares at a cost of $9.51 a piece. Investors have the opportunity to pick up F at a price even lower than Ford Jr. did, with shares trading as low as $9.36 in trading on Tuesday — that's 1.6% under Ford Jr.'s purchase price. Ford Motor Co. is trading up about 1.9% on the day Tuesday.
And at Landec Corp. (LNDC), there was insider buying on Friday, by Director Nelson Obus who bought 20,000 shares for a cost of $10.72 each, for a total investment of $214,400. Before this latest buy, Obus bought LNDC at 5 other times during the past twelve months, for a total investment of $1.25M at an average of $11.08 per share. Landec Corp. is trading up about 0.5% on the day Tuesday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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