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Monday 5/22 Insider Buying Report: AIG, HBAN
Monday, May 22, 10:46 AM 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 two noteworthy recent insider buys.

At American International Group (NYSE:AIG), a filing with the SEC revealed that on Thursday, CEO Brian Duperreault bought 80,000 shares of AIG, for a cost of $61.48 each, for a total investment of $4.92M. American International Group is trading up about 0.5% on the day Monday. This buy marks the first one filed by Duperreault in the past year.

And at Huntington Bancshares (NASDAQ:HBAN), there was insider buying on Thursday, by President, CEO & Chairman Stephen D. Steinour who purchased 50,000 shares for a cost of $12.40 each, for a trade totaling $619,808. This purchase marks the first one filed by Steinour in the past year. Huntington Bancshares is trading up about 0.2% on the day Monday. Steinour was up about 2.1% on the buy at the high point of today's trading session, with HBAN trading as high as $12.66 at last check today.

For MarketNewsVideo.com, I'm Sayoko Murase.

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Monday 5/22 Insider Buying Report: AIG, HBAN | Market News Video | Copyright © 2008 - 2017, All Rights Reserved

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