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Friday 10/2 Insider Buying Report: AIR, TCAP

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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

On Wednesday, AAR Corp ( AIR )'s Director, Marc Jay Walfish, made a $376,806 buy of AIR, purchasing 20,000 shares at a cost of $18.84 a piece. Walfish was up about 3.8% on the buy at the high point of today's trading session, with AIR trading as high as $19.55 in trading on Friday. AAR Corp is trading down about 0.3% on the day Friday.

And also on Wednesday, Director Simon B. Rich Jr. bought $242,505 worth of Triangle Capital Corporation ( TCAP ), buying 15,000 shares at a cost of $16.17 each. Before this latest buy, Rich Jr. purchased TCAP on 3 other occasions during the past twelve months, for a total investment of $280,305 at an average of $17.70 per share. Triangle Capital Corporation is trading down about 1.8% on the day Friday. So far Rich Jr. is in the green, up about 9.6% on their buy based on today's trading high of $17.72.

VIDEO: Friday 10/2 Insider Buying Report: AIR, TCAP

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


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

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