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.
On Wednesday, Walgreens Boots Alliance's Co-Chief Operating Officer, Ornella Barra, made a $982,080 buy of WBA, purchasing 18,000 shares at a cost of $54.56 each. Walgreens Boots Alliance is trading up about 1.4% on the day Friday. Before this latest buy, Barra made one other purchase in the past year, buying $110.76M shares for a cost of $65.15 a piece.
And on Thursday, Denmar John Dixon bought $240,249 worth of RumbleON, buying 50,415 shares at a cost of $4.77 a piece. Before this latest buy, Dixon bought RMBL on 3 other occasions during the past twelve months, for a total investment of $110,016 at an average of $5.19 per share. RumbleON is trading up about 7.8% on the day Friday.
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