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 (NYSE: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 (NYSE: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.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.