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Friday 2/17 Insider Buying Report: AGYS, CTLT

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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 Agilysys ( AGYS ), a filing with the SEC revealed that on Wednesday, CEO Ramesh Srinivasan bought 60,000 shares of AGYS, for a cost of $9.62 each, for a total investment of $577,206. Agilysys is trading up about 3% on the day Friday. This purchase marks the first one filed by Srinivasan in the past twelve months.

And also on Wednesday, Director Donald E. Morel Jr. bought $292,700 worth of Catalent ( CTLT ), buying 10,000 shares at a cost of $29.27 each. Catalent is trading up about 0.6% on the day Friday.

VIDEO: Friday 2/17 Insider Buying Report: AGYS, CTLT

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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