Wednesday 7/16 Insider Buying Report: FAST, LTS

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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 Fastenal ( FAST ), a filing with the SEC revealed that on Tuesday, CEO Willard D. Oberton bought 2,000 shares of FAST, at a cost of $45.14 each, for a total investment of $90,274. Fastenal is trading up about 0.9% on the day Wednesday.

And at Ladenburg Thalmann Financial Services ( LTS ), there was insider buying on Tuesday, by Director Saul Gilinski who purchased 10,000 shares at a cost of $3.55 each, for a total investment of $35,500. Before this latest buy, Gilinski purchased LTS on 15 other occasions during the past year, for a total investment of $1.09M at an average of $3.29 per share. Ladenburg Thalmann Financial Services is trading off about 0.5% on the day Wednesday. Gilinski was up about 7.6% on the buy at the high point of today's trading session, with LTS trading as high as $3.82 in trading on Wednesday.

Wednesday 7/16 Insider Buying Report: FAST, LTS VIDEO: Wednesday 7/16 Insider Buying Report: FAST, LTS



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: FAST , LTS

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