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 Herbalife Ltd. (NYSE:HLF), a filing with the SEC revealed that on Thursday, Chief Operating Officer Richard Goudis purchased 45,516 shares of HLF, for a cost of $43.89 each, for a total investment of $2M. Goudis was up about 5.7% on the purchase at the high point of today's trading session, with HLF trading as high as $46.38 in trading on Tuesday. Herbalife Ltd. is trading up about 1.4% on the day Tuesday. Before this latest buy, Goudis purchased HLF on 2 other occasions during the past twelve months, for a total investment of $1.1M at an average of $45.11 per share.
And on Friday, Vice President and Controller Robert J. Fouch bought $455,959 worth of Alliance Resource Partners, L.P. (NASDAQ:ARLP), buying 8,000 shares at a cost of $56.99 a piece. This purchase marks the first one filed by Fouch in the past twelve months. Alliance Resource Partners, L.P. is trading trading flat on the day Tuesday.
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