Monday 7/28 Insider Buying Report: QDEL, HAFC


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, Quidel ( QDEL )'s CEO, Douglas C. Bryant, made a $482,310 purchase of QDEL, buying 20,000 shares at a cost of $24.12 a piece. Bargain hunters are able to grab QDEL at a price even lower than Bryant did, with the stock changing hands as low as $22.37 at last check today which is 7.2% below Bryant's purchase price. Quidel is trading up about 2% on the day Monday. This purchase marks the first one filed by Bryant in the past twelve months.

And on Friday, CEO Chong Guk Kum purchased $183,312 worth of Hanmi Financial ( HAFC ), purchasing 8,750 shares at a cost of $20.95 each. Before this latest buy, Kum bought HAFC on 3 other occasions during the past year, for a total cost of $608,465 at an average of $16.52 per share. Hanmi Financial is trading off about 0.6% on the day Monday.

Monday 7/28 Insider Buying Report: QDEL, HAFC VIDEO: Monday 7/28 Insider Buying Report: QDEL, HAFC

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: QDEL , HAFC

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