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.
At Meredith, a filing with the SEC revealed that on Monday, CEO Thomas H. Harty bought 12,000 shares of MDP, at a cost of $35.02 each, for a total investment of $420,240. So far Harty is in the green, up about 9.0% on their buy based on today's trading high of $38.17. Meredith is trading up about 7.4% on the day Wednesday.
And also on Monday, Director L. William Krause bought $252,248 worth of CommScope Holding, buying 21,250 shares at a cost of $11.87 each. CommScope Holding is trading up about 3.2% on the day Wednesday. So far Krause is in the green, up about 9.3% on their buy based on today's trading high of $12.97.
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.