Friday 6/13 Insider Buying Report: CNSI, MLM

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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.

At Comverse ( CNSI ), a filing with the SEC revealed that on Thursday, Director Matthew A. Drapkin bought 97,945 shares of CNSI, at a cost of $23.63 each, for a total investment of $2.31M. Drapkin was up about 5.7% on the purchase at the high point of today's trading session, with CNSI trading as high as $24.97 at last check today.

And at Martin Marietta Materials ( MLM ), there was insider buying on Thursday, by Director Stephen P. Zelnak Jr. who bought 4,000 shares for a cost of $129.41 each, for a total investment of $517,620. This buy marks the first one filed by Zelnak in the past twelve months. Martin Marietta Materials is trading up about 0.3% on the day Friday.

Friday 6/13 Insider Buying Report: CNSI, MLM VIDEO: Friday 6/13 Insider Buying Report: CNSI, MLM



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: CNSI , MLM

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