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 Monday, Teledyne Technologies' Executive Vice President, Jason Vanwees, made a $638,995 buy of TDY, purchasing 1,500 shares at a cost of $426.00 each. Vanwees was up about 2.0% on the buy at the high point of today's trading session, with TDY trading as high as $434.67 in trading on Tuesday. Teledyne Technologies is trading off about 0.1% on the day Tuesday. Before this latest buy, Vanwees made one other purchase in the past year, buying $1.07M shares at a cost of $357.48 a piece.
And on Friday, COO John P. Watters bought $462,225 worth of FireEye, buying 25,000 shares at a cost of $18.49 each. Before this latest buy, Watters bought FEYE on 4 other occasions during the past twelve months, for a total cost of $1.79M at an average of $17.94 per share. FireEye is trading up about 1.8% on the day Tuesday. So far Watters is in the green, up about 3.3% on their buy based on today's trading high of $19.09.
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