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 WisdomTree Investments (WETF), a filing with the SEC revealed that on Monday, Chief Administrative Officer Peter M. Ziemba bought 16,000 shares of WETF, at a cost of $6.07 each, for a total investment of $97,082. So far Ziemba is in the green, up about 2.5% on their buy based on today's trading high of $6.22. WisdomTree Investments is trading off about 0.1% on the day Wednesday.
And on Friday, Director M. Anne Szostak bought $81,815 worth of Tupperware Brands Corp (NYSE:TUP), buying 3,000 shares at a cost of $27.27 a piece. Before this latest buy, Szostak made one other purchase in the past year, buying $86,895 shares for a cost of $43.45 a piece. Tupperware Brands Corp is trading down about 0.1% on the day Wednesday. Szostak was up about 2.6% on the purchase at the high point of today's trading session, with TUP trading as high as $27.98 in trading on Wednesday.
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