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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Microsoft Corporation (NASDAQ:MSFT), a filing with the SEC revealed that on Tuesday, Director Sandra E. Peterson bought 5,400 shares of MSFT, at a cost of $101.96 each, for a total investment of $550,606. Microsoft Corporation is trading down about 0.5% on the day Thursday.
And at LCI Industries (NYSE:LCII), there was insider buying on Monday, by Chief Executive Officer Jason Lippert who bought 6,000 shares for a cost of $83.83 each, for a trade totaling $502,980. This purchase marks the first one filed by Lippert in the past year. LCI Industries is trading up about 1.7% on the day Thursday. So far Lippert is in the green, up about 11.3% on their buy based on today's trading high of $93.33.
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