As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at one noteworthy recent insider buy.
At Pinnacle Foods, there was insider buying on Wednesday, by Director Muktesh Pant who bought 20,000 shares for a cost of $56.93 each, for a total investment of $1.14M. This purchase marks the first one filed by Pant in the past year. Pinnacle Foods is trading up about 0.2% on the day Friday. Pant was up about 2.3% on the purchase at the high point of today's trading session, with PF trading as high as $58.25 at last check today.
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.
