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 dollars to make a purchase, is that they expect
to make money. Today we look at two noteworthy recent insider buys.
At Liquidity Services (
), a filing with the SEC revealed that on Monday, Director Jaime
Mateus-Tique bought 180,000 shares of LQDT, for a cost of $12.64
each, for a total investment of $2.28M. Liquidity Services is
trading up about 2.3% on the day Wednesday. Before this latest buy,
Mateus-Tique bought LQDT on 5 other occasions during the past
twelve months, for a total investment of $3.39M at an average of
$25.10 per share.
And on Tuesday, CEO Michael G. Barrett purchased $1.00M worth of
Millennial Media (
), purchasing 291,000 shares at a cost of $3.45 a piece. This buy
marks the first one filed by Barrett in the past twelve months.
Millennial Media is trading up about 9.2% on the day Wednesday.
VIDEO: Wednesday 5/14 Insider Buying Report: LQDT,