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10 Bargains You Can Buy Cheaper
Than The Insiders Did »

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.

At Kennedy-Wilson Holdings, a filing with the SEC revealed that on Tuesday, CHIEF EXECUTIVE OFFICER William J. McMorrow bought 100,000 shares of KW, for a cost of $21.10 each, for a total investment of $2.11M. Kennedy-Wilson Holdings is trading up about 1.1% on the day Wednesday. Before this latest buy, McMorrow purchased KW on 2 other occasions during the past twelve months, for a total investment of $2.03M at an average of $16.21 per share.

And at Global Payments, there was insider buying on Tuesday, by Director Connie D. McDaniel who purchased 1,150 shares for a cost of $173.48 each, for a total investment of $199,502. Global Payments is trading up about 0.2% on the day Wednesday. Bargain hunters are able to buy GPN even cheaper than McDaniel did, with the stock changing hands as low as $169.75 in trading on Wednesday -- that's 2.2% under McDaniel's purchase price.

For MarketNewsVideo.com, I'm Sayoko Murase.