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.
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.
