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Friday 8/3 Insider Buying Report: FTV, CI

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 Thursday, Fortive Corp ( FTV )'s Director, Alan G. Spoon, made a $1.45M purchase of FTV, buying 18,000 shares at a cost of $80.80 each. Fortive Corp is trading trading flat on the day Friday.

And at Cigna Corp ( CI ), there was insider buying on Tuesday, by EVP, Chief Financial Officer Eric P. Palmer who bought 2,828 shares for a cost of $177.61 each, for a total investment of $502,281. This purchase marks the first one filed by Palmer in the past twelve months. Cigna Corp is trading up about 0.6% on the day Friday. Palmer was up about 8.9% on the purchase at the high point of today's trading session, with CI trading as high as $193.37 at last check today.

VIDEO: Friday 8/3 Insider Buying Report: FTV, CI

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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