Monday 8/4 Insider Buying Report: CNMD, CACC

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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.

On Thursday, Conmed ( CNMD )'s Interim CEO, Curt R. Hartman, made a $392,496 purchase of CNMD, buying 10,000 shares at a cost of $39.25 a piece. Conmed is trading down about 1.7% on the day Monday. This purchase marks the first one filed by Hartman in the past year.

And on Friday, Chief Financial Officer Kenneth Booth purchased $226,500 worth of Credit Acceptance ( CACC ), purchasing 2,000 shares at a cost of $113.25 a piece. Credit Acceptance is trading up about 2.1% on the day Monday. So far Booth is in the green, up about 2.8% on their purchase based on today's trading high of $116.44.

Monday 8/4 Insider Buying Report: CNMD, CACC VIDEO: Monday 8/4 Insider Buying Report: CNMD, CACC



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: CNMD , CACC

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