Tuesday 5/8 Insider Buying Report: MUSA, COMM

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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 Murphy USA ( MUSA ), a filing with the SEC revealed that on Friday, Director Robert Madison Murphy purchased 7,450 shares of MUSA, at a cost of $67.02 each, for a total investment of $499,299. Murphy USA is trading up about 3.3% on the day Tuesday.

And at CommScope Holding ( COMM ), there was insider buying on Friday, by CFO Alexander W. Pease who purchased 10,725 shares for a cost of $27.95 each, for a trade totaling $299,795. This purchase marks the first one filed by Pease in the past year. CommScope Holding is trading up about 2.7% on the day Tuesday. Pease was up about 7.0% on the buy at the high point of today's trading session, with COMM trading as high as $29.91 in trading on Tuesday.

Tuesday 5/8 Insider Buying Report: MUSA, COMM VIDEO: Tuesday 5/8 Insider Buying Report: MUSA, COMM

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

This article appears in: Investing
Referenced Symbols: MUSA , COMM

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