Thursday 7/31 Insider Buying Report: IVAC, LMT


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 Wednesday, Intevac ( IVAC )'s Director, Matthew A. Drapkin, made a $575,355 purchase of IVAC, buying 88,502 shares at a cost of $6.50 a piece. Investors have the opportunity to bag IVAC at a price even lower than Drapkin did, with the stock trading as low as $6.13 at last check today which is 5.7% below Drapkin's purchase price. Intevac is trading up about 4.2% on the day Thursday. Before this latest buy, Drapkin bought IVAC on 3 other occasions during the past twelve months, for a total investment of $1.39M at an average of $6.90 per share.

And also on Wednesday, Director Daniel F. Akerson purchased $254,827 worth of Lockheed Martin ( LMT ), purchasing 1,500 shares at a cost of $169.88 each. This purchase marks the first one filed by Akerson in the past year. Lockheed Martin is trading down about 1% on the day Thursday. Bargain hunters have the opportunity to bag LMT even cheaper than Akerson did, with shares trading as low as $168.14 in trading on Thursday which is 1.0% below Akerson's purchase price.

Thursday 7/31 Insider Buying Report: IVAC, LMT VIDEO: Thursday 7/31 Insider Buying Report: IVAC, LMT

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: IVAC , LMT

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