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 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a filing with the SEC revealed that on Monday, Director Bandel L. Carano bought 11,000,000 shares of KTOS, for a cost of $5.00 each, for a total investment of $55M. Kratos Defense & Security Solutions, Inc. is trading up about 1% on the day Tuesday.
And on Thursday, Chief Investment Officer Stephen P. Fulton purchased $1.45M worth of Western Asset Mortgage Capital (NYSE:WMC), purchasing 78,000 shares at a cost of $18.62 a piece. This buy marks the first one filed by Fulton in the past year. Western Asset Mortgage Capital C is trading down about 0.3% on the day Tuesday. So far Fulton is in the green, up about 1.2% on their purchase based on today's trading high of $18.85.
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