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.
On Monday, Heartland Express' Director, James G. Pratt, made a $188,120 purchase of HTLD, buying 10,000 shares at a cost of $18.81 each. Heartland Express, is trading down about 0.8% on the day Wednesday.
And also on Monday, Richard H. Fearon bought $88,170 worth of Crown Holdings, buying 1,000 shares at a cost of $88.17 each. Crown Holdings is trading off about 2.9% on the day Wednesday. Bargain hunters have the opportunity to bag CCK at a price even lower than Fearon did, with the stock changing hands as low as $84.90 at last check today -- that's 3.7% under Fearon's purchase price.
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