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Worthington Industries director makes small insider purchase

By: InvestorsObserver
Posted: 10/10/2013 12:39:00 PM
Referenced Stocks: WOR

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]