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 Monday, Maxwell Technologies, Inc. (NASDAQ:MXWL)'s CEO and President, David Schramm, made a $50,200 purchase of MXWL, buying 5,000 shares at a cost of $10.04 each. Maxwell Technologies, Inc. is trading off about 0.5% on the day Monday. This buy marks the first one filed by Schramm in the past twelve months.
And on Thursday, Director Gary L. Pechota bought $33,440 worth of Texas Industries Inc. (TXI), buying 1,000 shares at a cost of $33.44 a piece. Before this latest buy, Pechota made one other buy in the past twelve months, purchasing $75,120 shares for a cost of $37.56 a piece. Texas Industries Inc. is trading off about 1.1% on the day Monday. So far Pechota is in the green, up about 4.2% on their purchase based on today's trading high of $34.85.
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