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Friday 8/8 Insider Buying Report: D, GT

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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

At Dominion Resources ( D ), a filing with the SEC revealed that on Wednesday, Director Mark J. Kington bought 15,000 shares of D, at a cost of $64.87 each, for a total investment of $972,981. So far Kington is in the green, up about 2.8% on their buy based on today's trading high of $66.71. Dominion Resources is trading up about 1.1% on the day Friday. Before this latest buy, Kington made one other buy in the past year, purchasing $81,867 shares at a cost of $68.51 each.

And also on Wednesday, Director Werner Geissler bought $365,786 worth of Goodyear Tire & Rubber ( GT ), buying 15,000 shares at a cost of $24.39 each. Goodyear Tire & Rubber is trading up about 1.8% on the day Friday.

VIDEO: Friday 8/8 Insider Buying Report: D, GT

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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