Monday 11/6 Insider Buying Report: K, DS (11/6, 11:06 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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

On Thursday, Kellogg (K)'s CEO & President, Steven A. Cahillane, made a $998,865 purchase of K, buying 15,930 shares at a cost of $62.70 a piece. Bargain hunters can snag K at a price even lower than Cahillane did, with shares trading as low as $60.71 in trading on Monday which is 3.2% under Cahillane's purchase price. Kellogg is trading down about 1.9% on the day Monday. This purchase marks the first one filed by Cahillane in the past year.

And on Friday, Director Alan L. Tyson purchased $142,164 worth of Drive Shack (DS), purchasing 37,760 shares at a cost of $3.76 each. Before this latest buy, Tyson made one other purchase in the past year, buying $380,850 shares for a cost of $3.81 a piece. Drive Shack Inc is trading up about 4.5% on the day Monday. So far Tyson is in the green, up about 7.0% on their purchase based on today's trading high of $4.03.

For MarketNewsVideo.com, I'm Sayoko Murase.