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 Thursday, Mylan (NASDAQ:MYL)'s Director, Melina E. Higgins, made a $210,167 buy of MYL, purchasing 5,000 shares at a cost of $42.03 a piece. Investors have the opportunity to snag MYL at a price even lower than Higgins did, with the stock changing hands as low as $41.41 at last check today -- that's 1.5% under Higgins's purchase price. This purchase marks the first one filed by Higgins in the past twelve months.
And at PAREXEL International (NASDAQ:PRXL), there was insider buying on Thursday, by President Xavier Flinois who bought 5,000 shares for a cost of $41.11 each, for a trade totaling $205,550. PAREXEL International is trading down about 1.5% on the day Tuesday.
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