Market News Video
Friday 7/16 Insider Buying Report: ANIX, MGYR
Friday, July 16, 1:55 PM 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.

On Thursday, Anixa Biosciences' Director, Arnold M. Baskies, made a $78,000 buy of ANIX, purchasing 20,000 shares at a cost of $3.90 a piece. Anixa Biosciences is trading off about 1.2% on the day Friday. Before this latest buy, Baskies made one other purchase in the past twelve months, buying $39,100 shares at a cost of $3.91 a piece.

And on Wednesday, CLO Peter Mcintyre Brown purchased $20,760 worth of Magyar Bancorp, purchasing 2,076 shares at a cost of $10.00 a piece. Magyar Bancorp is trading down about 0.8% on the day Friday. Brown was up about 9.9% on the purchase at the high point of today's trading session, with MGYR trading as high as $10.99 in trading on Friday.

For MarketNewsVideo.com, I'm Sayoko Murase.

Friday 7/16 Insider Buying Report: ANIX, MGYR
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