Friday 3/2 Insider Buying Report: BLK, CVC Friday, March 2, 12:56 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 Wednesday, Blackrock Incorporated (NYSE:
BLK)'s Vice Chairman, Kendrick R.
Wilson III, made a $2.3M buy of BLK, purchasing 11,580 shares at a cost of
$198.46 a piece. Blackrock Incorporated is trading up about 0.1% on the day
And at Cablevision Systems Corp. (NYSE:
CVC), there was insider buying on
Thursday, by Director Rand V. Araskog who bought 25,000 shares at a cost of
$14.26 each, for a trade totaling $356,455. This buy marks the first one
filed by Araskog in the past twelve months. Cablevision Systems Corp. is
trading up about 2.6% on the day Friday.
For MarketNewsVideo.com, I'm Tracey Fitzpatrick.
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Friday 3/2 Insider Buying Report: BLK, CVC
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