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 two noteworthy recent insider buys.
On Thursday, Herbalife Ltd. (NYSE:HLF)'s Director, Michael J. Levitt, made a $465,900 purchase of HLF, buying 10,000 shares at a cost of $46.59 a piece. Investors can bag HLF at a price even lower than Levitt did, with the stock trading as low as $43.01 at last check today which is 7.7% under Levitt's purchase price. Herbalife Ltd. is trading down about 4% on the day Monday. This purchase marks the first one filed by Levitt in the past twelve months.
And also on Thursday, CFO Mike Kovar bought $316,582 worth of Fossil, Inc. (FOSL), buying 4,000 shares at a cost of $79.15 each. Before this latest buy, Kovar made one other buy in the past twelve months, purchasing $149,139 shares at a cost of $74.57 a piece. Fossil, Inc. is trading down about 2.1% on the day Monday. Bargain hunters have the opportunity to buy FOSL even cheaper than Kovar did, with shares trading as low as $76.86 at last check today which is 2.9% below Kovar's purchase price.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.