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Wednesday 10/18 Insider Buying Report: TNDM, ODC
Wednesday, October 18, 10:31 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.

On Friday, Tandem Diabetes Care (NASDAQ:TNDM)'s CEO, Kim D. Blickenstaff, made a $999,950 purchase of TNDM, buying 285,700 shares at a cost of $3.50 a piece. Investors can bag TNDM even cheaper than Blickenstaff did, with the stock changing hands as low as $2.46 in trading on Wednesday which is 29.7% below Blickenstaff's purchase price. Tandem Diabetes Care is trading up about 1.2% on the day Wednesday. Before this latest buy, Blickenstaff made one other buy in the past year, purchasing $2M shares at a cost of $1.25 each.

And on Monday, Director Allan H. Selig bought $63,240 worth of Oil-Dri Corp. of America (NYSE:ODC), buying 1,500 shares at a cost of $42.16 each. Before this latest buy, Selig purchased ODC on 3 other occasions during the past twelve months, for a total investment of $157,670 at an average of $39.42 per share. Oil-Dri Corp. of America is trading up about 0.6% on the day Wednesday. Selig was up about 0.7% on the purchase at the high point of today's trading session, with ODC trading as high as $42.44 at last check today.

For MarketNewsVideo.com, I'm Sayoko Murase.

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