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.
On Wednesday, Transdigm Group (NYSE:TDG)'s Executive Vice President, James Skulina, made a $1.23M purchase of TDG, buying 6,578 shares at a cost of $187.71 each. So far Skulina is in the green, up about 0.9% on their purchase based on today's trading high of $189.42. Transdigm Group is trading up about 0.1% on the day Friday.
And at Brixmor Property Group (NYSE:BRX), there was insider buying on Wednesday, by Director Anthony W. Deering who bought 20,950 shares at a cost of $23.55 each, for a total investment of $493,372. Before this latest buy, Deering made one other buy in the past twelve months, purchasing $495,248 shares at a cost of $20.01 each. Brixmor Property Group is trading down about 1% on the day Friday.
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