Tuesday 2/18 Insider Buying Report: HERO, FLO

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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 Hercules Offshore ( HERO ), a filing with the SEC revealed that on Friday, Director Steven A. Webster bought 50,000 shares of HERO, for a cost of $4.59 each, for a total investment of $229,462. Hercules Offshore is trading up about 2.4% on the day Tuesday. Before this latest buy, Webster made one other purchase in the past twelve months, buying $658,410 worth of shares for a cost of $6.58 each.

And at Flowers Foods ( FLO ), there was insider buying on Friday, by Director Amos R. McMullian who bought 10,000 shares at a cost of $19.78 each, for a total investment of $197,753. This buy marks the first one filed by McMullian in the past year. Flowers Foods is trading up about 2.1% on the day Tuesday.

Tuesday 2/18 Insider Buying Report: HERO, FLO VIDEO: Tuesday 2/18 Insider Buying Report: HERO, FLO



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: HERO , FLO

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