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Friday 12/3 Insider Buying Report: BHC, WAB
Friday, December 3, 1:53 PM ET

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 Tuesday, Bausch Health Companies's Director, Steven D. Miller, made a $1.45M buy of BHC, purchasing 60,000 shares at a cost of $24.23 a piece. Bausch Health Companies is trading off about 0.1% on the day Friday.

And also on Tuesday, CFO John A. Olin purchased $1.01M worth of Wabtec, purchasing 11,000 shares at a cost of $91.66 each. This purchase marks the first one filed by Olin in the past twelve months. Wabtec is trading off about 1.4% on the day Friday. Investors can grab WAB at a price even lower than Olin did, with the stock trading as low as $88.33 in trading on Friday -- that's 3.6% below Olin's purchase price.

For MarketNewsVideo.com, I'm Sayoko Murase.

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