Wednesday 3/19 Insider Buying Report: V, SNMX

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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 Visa ( V ), a filing with the SEC revealed that on Monday, Director Alfred F. Kelly Jr. purchased 1,575 shares of V, for a cost of $222.70 each, for a total investment of $350,752. Kelly Jr. was up about 1.9% on the buy at the high point of today's trading session, with V trading as high as $226.95 in trading on Wednesday. Visa is trading up about 0.2% on the day Wednesday. This purchase marks the first one filed by Kelly Jr. in the past year.

And at Senomyx ( SNMX ), there was insider buying on Monday, by Director Michael E. Herman who bought 33,000 shares at a cost of $10.09 each, for a total investment of $332,940. This purchase marks the first one filed by Herman in the past twelve months. Senomyx is trading up about 10.4% on the day Wednesday. So far Herman is in the green, up about 8.9% on their purchase based on today's trading high of $10.99.

Wednesday 3/19 Insider Buying Report: V, SNMX VIDEO: Wednesday 3/19 Insider Buying Report: V, SNMX



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: V , SNMX

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