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Wednesday 1/22 Insider Buying Report: FAST
Wednesday, January 22, 12:44 PM ET

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at a noteworthy recent insider buy.

On Friday, President Leland J. Hein purchased $203,728 worth of Fastenal (NASDAQ:FAST), purchasing 4,300 shares at a cost of $47.38 a piece. Hein was up about 1.0% on the purchase at the high point of today's trading session, with FAST trading as high as $47.86 in trading on Wednesday.

For MarketNewsVideo.com, I'm Sayoko Murase.

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