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 SeaChange International Inc. (NASDAQ:SEAC), a filing with the SEC revealed that on Thursday, Director Peter A. Feld purchased 150,000 shares of SEAC, at a cost of $8.12 each, for a total investment of $1.22M. SeaChange International Inc. is trading up about 1.4% on the day Monday.
And also on Thursday, Director R. A. Walker purchased $39,497 worth of Western Gas Partners LP (NYSE:WES), purchasing 900 shares at a cost of $43.89 each. This buy marks the first one filed by Walker in the past year. Western Gas Partners is trading down about 0.8% on the day Monday.
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