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 Monday, Dollar Tree (NASDAQ:DLTR)'s Director, Conrad M. Hall, made a $330,800 purchase of DLTR, buying 5,000 shares at a cost of $66.16 a piece. So far Hall is in the green, up about 1.9% on their buy based on today's trading high of $67.42. Dollar Tree is trading up about 1% on the day Tuesday. Before this latest buy, Hall purchased DLTR at 2 other times during the past twelve months, for a total investment of $780,400 at an average of $78.04 per share.
And at Immune Design (IMDZ), there was insider buying on Friday, by Director Lewis W. Coleman who bought 8,000 shares for a cost of $9.27 each, for a trade totaling $74,150. Before this latest buy, Coleman made one other buy in the past twelve months, purchasing $250,000 shares at a cost of $6.25 each. Immune Design is trading up about 5.6% on the day Tuesday.
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