Worthington Industries director makes small insider purchase

By Brent Archer,

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Worthington Industries director makes small insider purchase

Brent Archer 10/10/2013

Recent Worthington Industries ( WOR ) filings show insiders have purchased 2,500 shares of WOR in the past two weeks, valued at $86K. Director Kerrii Anderson bought 2,500 shares for an average purchase price of $34.64.

IK-> The technicals for WOR ($36.23) are bullish with a weak upward trend. The stock has had recent support near $33.55. Look at the December 25/30 bull-put spread for a 20-cent credit. That's a 4.2% return and the stock has to fall by 17.2% to cause a problem. [InvestorsKeyhole, Various news and data services]

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

Originally published on InvestorsObserver.com

This article appears in: Investing Options
Referenced Stocks: WOR

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