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.
On Wednesday, Peregrine Semiconductor Corp (PSMI)'s Director, Anthony S. Thornley, made a $92,500 purchase of PSMI, buying 10,000 shares at a cost of $9.25 a piece. So far Thornley is in the green, up about 5.9% on their buy based on today's trading high of $9.80. Peregrine Semiconductor Corp is trading trading flat on the day Thursday.
And on Tuesday, SVP - Network Services Maxine L. Moreau purchased $51,919 worth of CenturyLink, Inc. (CTL), purchasing 1,500 shares at a cost of $34.61 a piece. CenturyLink, Inc. is trading up about 0.1% on the day Thursday. Bargain hunters have the opportunity to snag CTL at a price even lower than Moreau did, with shares trading as low as $33.85 in trading on Thursday which is 2.2% below Moreau's purchase price.
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