Tuesday 8/5 Insider Buying Report: ALB
By: BNK Invest
Posted: 8/5/2014 2:17:00 PM
Referenced Stocks: ALB
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 one noteworthy recent insider buy.
At Albemarle ( ALB ), a filing with the SEC revealed that on Friday, Sr VP,Pres, Catalyst Solutions D. Michael Wilson bought 5,000 shares of ALB, for a cost of $61.29 each, for a total investment of $306,450. Wilson was up about 2.1% on the purchase at the high point of today's trading session, with ALB trading as high as $62.57 at last check today. Albemarle is trading up about 0.7% on the day Tuesday. This buy marks the first one filed by Wilson in the past year.