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DRI

Friday 4/10 Insider Buying Report: DRI, LTS

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 two noteworthy recent insider buys.

On Tuesday, Darden Restaurants ( DRI )'s Chief Executive Officer, Eugene I. Lee Jr., made a $503,805 buy of DRI, purchasing 7,600 shares at a cost of $66.29 a piece. Lee Jr. was up about 3.0% on the buy at the high point of today's trading session, with DRI trading as high as $68.28 in trading on Friday. Darden Restaurants is trading up about 1.6% on the day Friday. This buy marks the first one filed by Lee Jr. in the past twelve months.

And on Thursday, Director Jacqueline M. Simkin bought $108,900 worth of Ladenburg Thalmann Financial Services ( LTS ), buying 30,000 shares at a cost of $3.63 each. Before this latest buy, Simkin bought LTS on 5 other occasions during the past twelve months, for a total investment of $159,398 at an average of $3.52 per share. Ladenburg Thalmann Financial Services is trading up about 0.1% on the day Friday.

VIDEO: Friday 4/10 Insider Buying Report: DRI, LTS

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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