Friday 8/8 Insider Buying Report: D, GT

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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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

At Dominion Resources ( D ), a filing with the SEC revealed that on Wednesday, Director Mark J. Kington bought 15,000 shares of D, at a cost of $64.87 each, for a total investment of $972,981. So far Kington is in the green, up about 2.8% on their buy based on today's trading high of $66.71. Dominion Resources is trading up about 1.1% on the day Friday. Before this latest buy, Kington made one other buy in the past year, purchasing $81,867 shares at a cost of $68.51 each.


And also on Wednesday, Director Werner Geissler bought $365,786 worth of Goodyear Tire & Rubber ( GT ), buying 15,000 shares at a cost of $24.39 each. Goodyear Tire & Rubber is trading up about 1.8% on the day Friday.

Friday 8/8 Insider Buying Report: D, GT VIDEO: Friday 8/8 Insider Buying Report: D, GT



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: D , GT

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