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Friday 8/8 Insider Buying Report: D, GT
Friday, August 8, 12:28 PM ET

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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

At Dominion Resources (NYSE:D), a filing with the SEC revealed that on Wednesday, Director Mark J. Kington bought 15,000 shares of D, at a cost of $64.87 each, for a total investment of $972,981. So far Kington is in the green, up about 2.8% on their buy based on today's trading high of $66.71. Dominion Resources is trading up about 1.1% on the day Friday. Before this latest buy, Kington made one other buy in the past year, purchasing $81,867 shares at a cost of $68.51 each.

And also on Wednesday, Director Werner Geissler bought $365,786 worth of Goodyear Tire & Rubber (NASDAQ:GT), buying 15,000 shares at a cost of $24.39 each. Goodyear Tire & Rubber is trading up about 1.8% on the day Friday.

For MarketNewsVideo.com, I'm Sayoko Murase.

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