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.
At Gaming & Leisure Properties (NASDAQ:GLPI), a filing with the SEC revealed that on Tuesday, SVP, CFO and Treas William J. Clifford bought 85,000 shares of GLPI, at a cost of $33.00 each, for a total investment of $2.81M. Gaming & Leisure Properties is trading off about 1.2% on the day Wednesday.
And at Tandem Diabetes Care (NASDAQ:TNDM), there was insider buying on Friday, by Director Douglas A. Roeder who bought 1,000,000 shares at a cost of $2.00 each, for a total investment of $2M. This purchase marks the first one filed by Roeder in the past twelve months. Tandem Diabetes Care is trading down about 0.8% on the day Wednesday. Roeder was up about 31.5% on the buy at the high point of today's trading session, with TNDM trading as high as $2.63 in trading on Wednesday.
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