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 one noteworthy recent insider buy.
At Alexander & Baldwin ( ALEX ), there was insider buying on Monday, by Director David C. Hulihee who bought 10,506 shares for a cost of $37.81 each, for a trade totaling $397,274. Before this latest buy, Hulihee purchased ALEX at 2 other times during the past twelve months, for a total investment of $534,385 at an average of $37.06 per share. Alexander & Baldwin is trading down about 0.5% on the day Friday. Hulihee was up about 6.9% on the purchase at the high point of today's trading session, with ALEX trading as high as $40.41 in trading on Friday.
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.
