Tuesday 8/5 Insider Buying Report: ALB

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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 one noteworthy recent insider buy.

At Albemarle ( ALB ), a filing with the SEC revealed that on Friday, Sr VP,Pres, Catalyst Solutions D. Michael Wilson bought 5,000 shares of ALB, for a cost of $61.29 each, for a total investment of $306,450. Wilson was up about 2.1% on the purchase at the high point of today's trading session, with ALB trading as high as $62.57 at last check today. Albemarle is trading up about 0.7% on the day Tuesday. This buy marks the first one filed by Wilson in the past year.

Tuesday 8/5 Insider Buying Report: ALB VIDEO: Tuesday 8/5 Insider Buying Report: ALB



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: ALB

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