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 (
), 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 (
), 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
VIDEO: Wednesday 3/19 Insider Buying Report: V,