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Friday 1/10 Insider Buying Report: FDX, LFCR
Friday, January 10, 10:35 AM 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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

On Tuesday, FedEx Corp (NYSE:FDX)'s CFO, John W. Dietrich, made a $273,980 buy of FDX, purchasing 1,000 shares at a cost of $273.98 each. FedEx Corp is trading down about 0.3% on the day Friday. This purchase marks the first one filed by Dietrich in the past twelve months.

And on Wednesday, Chief Executive Officer Paul Josephs bought $97,580 worth of Lifecore Biomedical (NASDAQ:LFCR), buying 17,000 shares at a cost of $5.74 each. This buy marks the first one filed by Josephs in the past year. Lifecore Biomedical is trading up about 3.8% on the day Friday. Josephs was up about 9.8% on the purchase at the high point of today's trading session, with LFCR trading as high as $6.30 in trading on Friday.

For MarketNewsVideo.com, I'm Sayoko Murase.

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