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.
At Ecolab (ECL), a filing with the SEC revealed that on Thursday, Director Jerry A. Grundhofer purchased 4,700 shares of ECL, at a cost of $104.37 each, for a total investment of $490,517. Ecolab is trading up about 0.5% on the day Monday. This purchase marks the first one filed by Grundhofer in the past twelve months.
And on Friday, Chief Executive Officer Naren K. Gursahaney purchased $303,294 worth of ADT Corp (ADT), purchasing 10,000 shares at a cost of $30.33 a piece. ADT Corp is trading up about 2.1% on the day Monday.
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