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Tuesday 9/21 Insider Buying Report: VICI, HLF
Tuesday, September 21, 10:47 AM ET

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 Friday, VICI Properties' Director, James R. Abrahamson, made a $228,625 buy of VICI, purchasing 7,750 shares at a cost of $29.50 each. So far Abrahamson is in the green, up about 1.4% on their purchase based on today's trading high of $29.90. VICI Properties is trading up about 0.4% on the day Tuesday. Before this latest buy, Abrahamson purchased VICI at 2 other times during the past twelve months, for a total cost of $495,024 at an average of $27.05 per share.

And at Herbalife Nutrition, there was insider buying on Friday, by CEO John O. Agwunobi who bought 5,000 shares for a cost of $44.90 each, for a trade totaling $224,516. Before this latest buy, Agwunobi made one other buy in the past twelve months, purchasing $250,565 shares for a cost of $48.19 each. Herbalife Nutrition is trading up about 0.2% on the day Tuesday.

For MarketNewsVideo.com, I'm Sayoko Murase.

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