Friday 2/21 Insider Buying Report: APL, RYN

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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, Atlas Pipeline Partners ( APL )'s Chairman, Edward E. Cohen, made a $302,270 buy of APL, purchasing 10,000 shares at a cost of $30.23 each. So far Cohen is in the green, up about 3.4% on their buy based on today's trading high of $31.24. This purchase marks the first one filed by Cohen in the past year.

And at Rayonier ( RYN ), there was insider buying on Wednesday, by Director C. David Brown II who bought 5,000 shares for a cost of $45.20 each, for a total investment of $226,000. This buy marks the first one filed by Brown in the past twelve months. Rayonier is trading down about 0.3% on the day Friday.

Friday 2/21 Insider Buying Report: APL, RYN VIDEO: Friday 2/21 Insider Buying Report: APL, RYN



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: APL , RYN

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