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 TransDigm Group ( TDG ), a filing with the SEC revealed that on Wednesday, Director Robert J. Small purchased 64,098 shares of TDG, at a cost of $214.81 each, for a total investment of $13.77M. So far Small is in the green, up about 3.2% on their buy based on today's trading high of $221.63. TransDigm Group is trading up about 0.4% on the day Friday. Before this latest buy, Small bought TDG at 2 other times during the past twelve months, for a total investment of $99.48M at an average of $192.31 per share.
And at Mack Cali Realty Corp ( CLI ), there was insider buying on Wednesday, by Director Jonathan Litt who purchased 48,400 shares for a cost of $20.75 each, for a total investment of $1.00M. Before this latest buy, Litt purchased CLI on 2 other occasions during the past twelve months, for a total investment of $6.68M at an average of $19.62 per share. Mack Cali Realty Corp is trading up about 1.4% on the day Friday. So far Litt is in the green, up about 2.4% on their purchase based on today's trading high of $21.25.
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