As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let's look at two noteworthy recent insider buys.
On Thursday, Ford Motor Co. (NYSE:F)'s Exec. Chairman and Chairman, William Clay Ford Jr., made a $8M purchase of F, buying 840,962 shares at a cost of $9.51 a piece. Investors have the opportunity to pick up F at a price even lower than Ford Jr. did, with shares trading as low as $9.36 in trading on Tuesday — that's 1.6% under Ford Jr.'s purchase price. Ford Motor Co. is trading up about 1.9% on the day Tuesday.
And at Landec Corp. (LNDC), there was insider buying on Friday, by Director Nelson Obus who bought 20,000 shares for a cost of $10.72 each, for a total investment of $214,400. Before this latest buy, Obus bought LNDC at 5 other times during the past twelve months, for a total investment of $1.25M at an average of $11.08 per share. Landec Corp. is trading up about 0.5% on the day Tuesday.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.