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Friday 12/21 Insider Buying Report: SJM, WOR

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

On Wednesday, J.M. Smucker's Director, Timothy P. Smucker, made a $1.08M buy of SJM, purchasing 11,000 shares at a cost of $98.26 a piece. J.M. Smucker is trading up about 1.9% on the day Friday.

And at Worthington Industries, there was insider buying on Wednesday, by Director John B. Blystone who purchased 25,000 shares at a cost of $36.67 each, for a trade totaling $916,750. This purchase marks the first one filed by Blystone in the past year. Worthington Industries is trading up about 1.9% on the day Friday. Bargain hunters are able to bag WOR even cheaper than Blystone did, with the stock trading as low as $34.88 in trading on Friday which is 4.9% under Blystone's purchase price.

VIDEO: Friday 12/21 Insider Buying Report: SJM, WOR

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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