Wednesday 4/23 Insider Buying Report: ADX, MCI

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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.

On Monday, Adams Express Company ( ADX )'s Director, Frederic A. Escherich, made a $15,540 purchase of ADX, buying 1,200 shares at a cost of $12.95 each. Escherich was up about 0.8% on the buy at the high point of today's trading session, with ADX trading as high as $13.06 in trading on Wednesday. Adams Express Company is trading up about 0.2% on the day Wednesday.

And also on Monday, Michael Harlan Brown bought $15,050 worth of Babson Capital Corporate Investors Fund ( MCI ), buying 1,000 shares at a cost of $15.05 a piece. Before this latest buy, Brown purchased MCI on 2 other occasions during the past year, for a total cost of $16,949 at an average of $15.87 per share. Babson Capital Corporate Investors Fund is trading up about 0.3% on the day Wednesday. Brown was up about 0.7% on the purchase at the high point of today's trading session, with MCI trading as high as $15.15 in trading on Wednesday.

Wednesday 4/23 Insider Buying Report: ADX, MCI VIDEO: Wednesday 4/23 Insider Buying Report: ADX, MCI



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: ADX , MCI

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