Wednesday 3/5 Insider Buying Report: XON, CLGX


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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 two noteworthy recent insider buys.

At Intrexon ( XON ), a filing with the SEC revealed that on Tuesday, SVP--Health Sector, Gregory Ian Frost bought 100,000 shares of XON, at a cost of $25.95 each, for a total investment of $2.59M. So far Frost is in the green, up about 7.3% on their purchase based on today's trading high of $27.84. Intrexon is trading up about 5.2% on the day Wednesday.

And on Friday, Director Jaynie M. Studenmund bought $331,320 worth of CoreLogic ( CLGX ), buying 10,064 shares at a cost of $32.92 each. CoreLogic is trading up about 1% on the day Wednesday. Studenmund was up about 2.6% on the purchase at the high point of today's trading session, with CLGX trading as high as $33.79 at last check today.

Wednesday 3/5 Insider Buying Report: XON, CLGX VIDEO: Wednesday 3/5 Insider Buying Report: XON, CLGX

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Investing Ideas
Referenced Stocks: XON , CLGX

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