Monday 5/13 Insider Buying Report: PK, KMPRMonday, May 13, 10:33 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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Park Hotels & Resorts, a filing with the SEC revealed that on Thursday, Thomas D. Eckert purchased 30,000 shares of PK, for a cost of $15.79 each, for a total investment of $473,598. So far Eckert is in the green, up about 2.9% on their buy based on today's trading high of $16.24. Park Hotels & Resorts is trading up about 1.9% on the day Monday. This buy marks the first one filed by Eckert in the past year.
And on Friday, Director Gerald Laderman purchased $305,050 worth of Kemper, purchasing 5,000 shares at a cost of $61.01 a piece. Kemper is trading up about 0.9% on the day Monday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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