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 one noteworthy recent insider buy.
At Salesforce.com, a filing with the SEC revealed that on Wednesday, Director Susan Wojcicki bought 6,000 shares of CRM, for a cost of $123.81 each, for a total investment of $742,854. Salesforce.com Inc is trading down about 0.8% on the day Thursday. Before this latest buy, Wojcicki bought CRM on 5 other occasions during the past twelve months, for a total investment of $2.3M at an average of $113.52 per share.
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