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 Clean Energy Fuels (NASDAQ:CLNE), a filing with the SEC revealed that on Thursday, CEO Andrew J. Littlefair purchased 127,000 shares of CLNE, at a cost of $12.69 each, for a total investment of $1.61M. Clean Energy Fuels is trading up about 3.9% on the day Tuesday.
And at Home Depot (NYSE:HD), there was insider buying on Thursday, by Director Mark C. Vadon who bought 10,000 shares at a cost of $75.20 each, for a total investment of $752,000. Before this latest buy, Vadon made one other purchase in the past year, buying $318,500 shares at a cost of $63.70 a piece. Home Depot is trading up about 0.6% on the day Tuesday.
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