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.
At IHS Inc (IHS), a filing with the SEC revealed that on Tuesday, Director Jean Paul L. Montupet bought 500 shares of IHS, at a cost of $99.26 each, for a total investment of $49,632. Montupet was up about 5.1% on the buy at the high point of today's trading session, with IHS trading as high as $104.37 in trading on Friday. IHS Inc is trading up about 0.4% on the day Friday.
And on Wednesday, Chief Regulatory Officer & SVP Martha J. Carter purchased $13,905 worth of Aegerion Pharmaceuticals Inc (NASDAQ:AEGR), purchasing 500 shares at a cost of $27.81 a piece. Before this latest buy, Carter made one other purchase in the past twelve months, buying $14,030 shares at a cost of $14.03 a piece. Aegerion Pharmaceuticals Inc is trading up about 1.2% on the day Friday. So far Carter is in the green, up about 3.0% on their buy based on today's trading high of $28.65.
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