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 one noteworthy recent insider buy.
On Tuesday, Chief Executive Officer Calvin McDonald purchased $1.04M worth of lululemon athletica, purchasing 4,000 shares at a cost of $260.00 a piece. lululemon athletica is trading up about 0.9% on the day Friday.
VIDEO: Friday 9/6 Insider Buying Report: LULU
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