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Friday 3/17 Insider Buying Report: NRG, WETF
Friday, March 17, 10:37 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 NRG Energy, a filing with the SEC revealed that on Thursday, Director John C. Wilder Jr. purchased 1,200,000 shares of NRG, at a cost of $17.47 each, for a total investment of $20.96M. So far Wilder Jr. is in the green, up about 6.2% on their purchase based on today's trading high of $18.56. NRG Energy is trading up about 2.5% on the day Friday. This purchase marks the first one filed by Wilder Jr. in the past year.

And at WisdomTree Investments, there was insider buying on Thursday, by Chief Executive Officer Jonathan L. Steinberg who bought 97,971 shares for a cost of $9.14 each, for a trade totaling $895,334. This buy marks the first one filed by Steinberg in the past twelve months. WisdomTree Investments is trading off about 1.7% on the day Friday.

For MarketNewsVideo.com, I'm Sayoko Murase.

Friday 3/17 Insider Buying Report: NRG, WETF picture
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Friday 3/17 Insider Buying Report: NRG, WETF
Friday, March 17, 10:37 AM ET
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