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Monday 8/3 Insider Buying Report: APD
Monday, August 3, 10:53 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 one noteworthy recent insider buy.

At Air Products & Chemicals (NYSE:APD), there was insider buying on Friday, by CEO Seifi Ghasemi who bought 20,000 shares at a cost of $143.26 each, for a trade totaling $2.87M. Before this latest buy, Ghasemi purchased APD at 4 other times during the past twelve months, for a total cost of $14.59M at an average of $145.88 per share. Air Products & Chemicals is trading up about 1.2% on the day Monday.

For MarketNewsVideo.com, I'm Sayoko Murase.

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