Thursday 3/13 Insider Buying Report: CXW, RSH
By: BNK Invest
Posted: 3/13/2014 12:02:00 PM
Referenced Stocks: CXW;RSH
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 Corrections Corporation of America ( CXW ), a filing with the SEC revealed that on Monday, Director Thurgood Marshall Jr. purchased 7,200 shares of CXW, for a cost of $33.23 each, for a total investment of $239,256. Marshall Jr. was up about 2.4% on the buy at the high point of today's trading session, with CXW trading as high as $34.04 in trading on Thursday. Corrections Corporation of America is trading down about 0.7% on the day Thursday.
And on Tuesday, EVP-CFO John W. Feray purchased $212,482 worth of RadioShack Corp. ( RSH ), purchasing 100,000 shares at a cost of $2.12 a piece. RadioShack Corp. is trading up about 3.7% on the day Thursday. So far Feray is in the green, up about 6.8% on their buy based on today's trading high of $2.27.