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 Bill Barrett (NYSE:BBG), a filing with the SEC revealed that on Friday, Director Carin Marcy Barth purchased 5,000 shares of BBG, for a cost of $26.59 each, for a total investment of $132,948. Bill Barrett is trading up about 0.1% on the day Monday.
And at FXCM (NYSE:FXCM), there was insider buying on Wednesday, by Chief Financial Officer Robert Lande who bought 9,300 shares for a cost of $9.27 each, for a total investment of just over $86,000. Before this latest buy, Lande made one other purchase in the past twelve months, buying nearly $135,000 shares for a cost of $8.99 a piece. FXCM is trading up about 0.4% on the day Monday.
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