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Tuesday 12/19 Insider Buying Report: PAH, DEPO
Tuesday, December 19, 10:32 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 Platform Specialty Products Corp (NYSE:PAH), a filing with the SEC revealed that on Monday, Director Martin E. Franklin purchased 500,000 shares of PAH, at a cost of $9.66 each, for a total investment of $4.83M. Franklin was up about 5.7% on the buy at the high point of today's trading session, with PAH trading as high as $10.21 in trading on Tuesday. Platform Specialty Products Corp is trading up about 1% on the day Tuesday. This purchase marks the first one filed by Franklin in the past year.

And at Depomed (NASDAQ:DEPO), there was insider buying on Thursday, by CEO Arthur J. Higgins who bought 75,000 shares for a cost of $8.16 each, for a total investment of $612,000. Before this latest buy, Higgins made one other purchase in the past year, buying $148,800 shares at a cost of $9.92 each. Depomed is trading up about 1.5% on the day Tuesday. Higgins was up about 7.2% on the purchase at the high point of today's trading session, with DEPO trading as high as $8.75 at last check today.

For MarketNewsVideo.com, I'm Sayoko Murase.

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Tuesday 12/19 Insider Buying Report: PAH, DEPO | Market News Video | Copyright © 2008 - 2018, All Rights Reserved

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