SFD

Friday 1/31 Insider Buying Report: SFD, BALL

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.

On Wednesday, Smithfield Foods's Director, Hank Shenghua He, made a $340,000 buy of SFD, purchasing 17,000 shares at a cost of $20.00 a piece. He was up about 10.2% on the buy at the high point of today's trading session, with SFD trading as high as $22.03 at last check today. Smithfield Foods is trading down about 2.2% on the day Friday.

And at Ball, there was insider buying on Tuesday, by SVP and President, Mandy Glew who bought 563 shares for a cost of $68.15 each, for a total investment of $38,367. This buy marks the first one filed by Glew in the past year. Ball is trading up about 0.1% on the day Friday. Investors are able to grab BALL even cheaper than Glew did, with the stock trading as low as $55.90 in trading on Friday which is 18.0% below Glew's purchase price.

Friday 1/31 Insider Buying Report: SFD, BALLVIDEO: Friday 1/31 Insider Buying Report: SFD, BALL

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

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.