Tuesday 3/18 Insider Buying Report: POL, BID

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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, PolyOne Corp. ( POL )'s EVP & Chief Financial Officer, Bradley C. Richardson, made a $259,485 buy of POL, purchasing 7,000 shares at a cost of $37.07 each. Richardson was up about 2.4% on the buy at the high point of today's trading session, with POL trading as high as $37.95 at last check today. PolyOne Corp. is trading up about 2.1% on the day Tuesday. This purchase marks the first one filed by Richardson in the past twelve months.


And at Sotheby's ( BID ), there was insider buying on Monday, by Director Domenico De Sole who bought 4,000 shares at a cost of $45.05 each, for a trade totaling $180,215. This buy marks the first one filed by De Sole in the past year. Sotheby's is trading off about 0.4% on the day Tuesday. Investors have the opportunity to pick up BID at a price even lower than De Sole did, with shares trading as low as $44.01 at last check today -- that's 2.3% under De Sole's purchase price.

Tuesday 3/18 Insider Buying Report: POL, BID VIDEO: Tuesday 3/18 Insider Buying Report: POL, BID



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: POL , BID

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