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 Moody's Corp. (NYSE:MCO), a filing with the SEC revealed that on Friday, Director John K. Wulff bought 3,000 shares of MCO, at a cost of $46.75 each, for a total investment of $140,250. So far Wulff is in the green, up about 3.2% on their purchase based on today's trading high of $48.26. Moody's Corp. is trading off about 2% on the day Wednesday. This purchase marks the first one filed by Wulff in the past twelve months.
And at Nanosphere Inc (NASDAQ:NSPH), there was insider buying on Tuesday, by Director Sheli Z. Rosenberg who bought 50,000 shares for a cost of $1.97 each, for a total investment of $98,745. Nanosphere Inc is trading off about 0.5% on the day Wednesday.
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