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.
At Alteryx (NYSE:AYX), a filing with the SEC revealed that on Thursday, Director Jeff Horing purchased 911,829 shares of AYX, for a cost of $54.79 each, for a total investment of $49.96M. So far Horing is in the green, up about 7.9% on their purchase based on today's trading high of $59.14. Alteryx is trading up about 0.2% on the day Friday. This buy marks the first one filed by Horing in the past year.
And at UnitedHealth Group (NYSE:UNH), there was insider buying on Tuesday, by Director Paul R. Garcia who bought 2,146 shares at a cost of $464.97 each, for a total investment of $997,817. This purchase marks the first one filed by Garcia in the past twelve months. UnitedHealth Group is trading up about 1.8% on the day Friday.
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