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Friday 9/11 Insider Buying Report: AVT, CUZ

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.

At Avnet ( AVT ), a filing with the SEC revealed that on Thursday, Director James A. Lawrence bought 46,700 shares of AVT, for a cost of $42.60 each, for a total investment of $1.99M. Avnet is trading up about 0.1% on the day Friday. This buy marks the first one filed by Lawrence in the past year.

And on Wednesday, Director S. Taylor Glover purchased $997,667 worth of Cousins Properties ( CUZ ), purchasing 110,000 shares at a cost of $9.07 each. This buy marks the first one filed by Glover in the past twelve months. Cousins Properties is trading up about 1.2% on the day Friday. Glover was up about 2.4% on the buy at the high point of today's trading session, with CUZ trading as high as $9.29 at last check today.

VIDEO: Friday 9/11 Insider Buying Report: AVT, CUZ

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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