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 one noteworthy recent insider buy.
At HCA Holdings (NYSE:HCA), there was insider buying on Wednesday, by Director John W. Rowe who bought 14,356 shares at a cost of $52.24 each, for a trade totaling $749,965. HCA Holdings is trading up about 0.1% on the day Monday. Bargain hunters can snag HCA at a price even lower than Rowe did, with shares trading as low as $51.62 in trading on Monday -- that's 1.2% under Rowe's purchase price.
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