Monday 3/3 Insider Buying Report: ANF, ODP

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As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.

On Thursday, Abercrombie & Fitch ( ANF )'s Director, Arthur C. Martinez, made a $393,500 buy of ANF, purchasing 10,000 shares at a cost of $39.35 a piece. Abercrombie & Fitch is trading off about 0.4% on the day Monday. This buy marks the first one filed by Martinez in the past twelve months.

And also on Thursday, Director Nigel Travis bought $197,888 worth of Office Depot ( ODP ), buying 40,000 shares at a cost of $4.95 each. Before this latest buy, Travis made one other buy in the past twelve months, purchasing $200,696 shares for a cost of $5.64 each. Office Depot is trading down about 1.2% on the day Monday. Bargain hunters have the opportunity to snag ODP even cheaper than Travis did, with the stock changing hands as low as $4.82 in trading on Monday -- that's 2.6% below Travis's purchase price.

Monday 3/3 Insider Buying Report: ANF, ODP VIDEO: Monday 3/3 Insider Buying Report: ANF, ODP



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: ANF , ODP

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