Tuesday 5/13 Insider Buying Report: MSFT, ICH
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.
On Friday, Microsoft ( MSFT )'s Director, G. Mason Morfit, made a $116.70M purchase of MSFT, buying 2,950,501 shares at a cost of $39.55 each. Microsoft is trading up about 1.9% on the day Tuesday.
And at Investors Capital Holdings ( ICH ), there was insider buying on Friday, by Chief Executive Officer Timothy B. Murphy who bought 150,000 shares for a cost of $7.13 each, for a trade totaling $1.07M. Investors Capital Holdings is trading up about 0.1% on the day Tuesday.