Markets
ADM

Friday 2/8 Insider Buying Report: ADM, IDXX

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 Archer Daniels Midland ( ADM ), a filing with the SEC revealed that on Thursday, Director Donald E. Felsinger purchased 60,000 shares of ADM, for a cost of $41.80 each, for a total investment of $2.51M. Archer Daniels Midland is trading up about 1% on the day Friday.

And at Idexx Laboratories ( IDXX ), there was insider buying on Tuesday, by Director Lawrence D. Kingsley who bought 2,405 shares at a cost of $208.68 each, for a total investment of $501,875. Before this latest buy, Kingsley made one other buy in the past twelve months, purchasing $178,045 shares for a cost of $178.04 a piece. Idexx Laboratories is trading off about 0.8% on the day Friday. Bargain hunters can bag IDXX at a price even lower than Kingsley did, with shares trading as low as $204.81 in trading on Friday which is 1.9% below Kingsley's purchase price.

VIDEO: Friday 2/8 Insider Buying Report: ADM, IDXX

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.

In This Story

ADM IDXX

Other Topics

Investing

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More