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.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.