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.
At Sherwin-Williams, a filing with the SEC revealed that on Wednesday, CEO John G. Morikis bought 2,125 shares of SHW, for a cost of $237.60 each, for a total investment of $504,890. Morikis was up about 1.5% on the buy at the high point of today's trading session, with SHW trading as high as $241.26 in trading on Thursday. Sherwin-Williams is trading trading flat on the day Thursday. Before this latest buy, Morikis made one other purchase in the past year, buying $500,327 shares for a cost of $226.70 each.
And at Neogen, there was insider buying on Wednesday, by Chief Operating Officer Douglas Edward Jones who purchased 10,000 shares for a cost of $15.17 each, for a trade totaling $151,727. Before this latest buy, Jones made one other purchase in the past year, buying $44,775 shares at a cost of $17.91 each. Neogen is trading up about 3.7% on the day Thursday.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.