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 Tuesday, Ventas (NYSE:VTR)'s Director, Douglas Crocker II, made a $580,101 purchase of VTR, buying 10,000 shares at a cost of $58.01 each. Bargain hunters can pick up VTR at a price even lower than Crocker did, with shares changing hands as low as $55.52 in trading on Friday which is 4.3% below Crocker II's purchase price. This buy marks the first one filed by Crocker in the past twelve months.
And at GulfMark Offshore (NYSE:GLF), there was insider buying on Wednesday, by Robert B. Millard who bought 10,000 shares at a cost of $46.97 each, for a total investment of $469,660. Before this latest buy, Millard bought GLF at 2 other times during the past year, for a total cost of $445,302 at an average of $48.66 per share. GulfMark Offshore is trading down about 0.1% on the day Friday.
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