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Tuesday 9/2 Insider Buying Report: MBFI
Tuesday, September 2, 2:03 PM 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 one noteworthy recent insider buy.

At MB Financial (NASDAQ:MBFI), there was insider buying on Thursday, by Michael Morton who bought 3,081 shares for a cost of $28.20 each, for a trade totaling $86,883. This purchase marks the first one filed by Morton in the past year. MB Financial is trading up about 1.3% on the day Tuesday. So far Morton is in the green, up about 2.3% on their purchase based on today's trading high of $28.84.

For MarketNewsVideo.com, I'm Sayoko Murase.

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