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Friday 12/11 Insider Buying Report: SYY, PAH

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 Sysco ( SYY ), a filing with the SEC revealed that on Thursday, Director Nelson Peltz bought 613,221 shares of SYY, at a cost of $40.97 each, for a total investment of $25.12M. Sysco is trading down about 0.3% on the day Friday. Before this latest buy, Peltz made one other purchase in the past twelve months, buying $48,900 shares for a cost of $40.75 each.

And on Wednesday, Director Ian G. H. Ashken bought $568,000 worth of Platform Specialty Products Corp ( PAH ), buying 50,000 shares at a cost of $11.36 a piece. This purchase marks the first one filed by Ashken in the past twelve months. Platform Specialty Products is trading off about 4.8% on the day Friday.

VIDEO: Friday 12/11 Insider Buying Report: SYY, PAH

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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