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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Tuesday, KBR's Director, Carlos A. Sabater, made a $470,815 purchase of KBR, buying 14,500 shares at a cost of $32.47 a piece. KBR is trading up about 3.7% on the day Friday.
And on Wednesday, Greg Elliot Sharenow purchased $385,816 worth of PIMCO Dynamic Income Strategy, purchasing 17,819 shares at a cost of $21.65 each. This buy marks the first one filed by Sharenow in the past twelve months. PIMCO Dynamic Income Strategy is trading down about 0.8% on the day Friday.
VIDEO: Friday 5/22 Insider Buying Report: KBR, PDX
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