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Friday 10/21 Insider Buying Report: CREE, BV

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

At Cree ( CREE ), a filing with the SEC revealed that on Thursday, Director John B. Replogle purchased 5,000 shares of CREE, for a cost of $22.34 each, for a total investment of $111,700. Cree is trading down about 0.8% on the day Friday. Before this latest buy, Replogle bought CREE on 2 other occasions during the past year, for a total cost of $233,130 at an average of $23.31 per share.

And at Bazaarvoice ( BV ), there was insider buying on Tuesday, by Director Jeff Hawn who purchased 952 shares for a cost of $5.30 each, for a total investment of $5,046. Before this latest buy, Hawn bought BV at 5 other times during the past twelve months, for a total cost of $29,981 at an average of $5.22 per share. Bazaarvoice is trading off about 0.9% on the day Friday.

VIDEO: Friday 10/21 Insider Buying Report: CREE, BV

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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