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CMA

Friday 1/27 Insider Buying Report: CMA, ZDGE

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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.

At Comerica, a filing with the SEC revealed that on Wednesday, Director Michael G. Van de Ven purchased 5,000 shares of CMA, at a cost of $69.14 each, for a total investment of $345,677. Comerica is trading down about 0.5% on the day Friday. This purchase marks the first one filed by Van de in the past year.

And at Zedge, there was insider buying on Monday, by Director Howard S. Jonas who bought 15,849 shares at a cost of $3.25 each, for a total investment of $51,552. Before this latest buy, Jonas bought ZDGE at 20 other times during the past year, for a total investment of $819,241 at an average of $3.09 per share. Zedge is trading up about 0.9% on the day Friday. So far Jonas is in the green, up about 4.5% on their buy based on today's trading high of $3.40.

VIDEO: Friday 1/27 Insider Buying Report: CMA, ZDGE

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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