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Friday 9/25 Insider Buying Report: FIVE, NEOG

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 Five Below ( FIVE ), a filing with the SEC revealed that on Tuesday, Director David M. Mussafer bought 90,000 shares of FIVE, at a cost of $33.35 each, for a total investment of $3.00M. Mussafer was up about 4.0% on the purchase at the high point of today's trading session, with FIVE trading as high as $34.67 in trading on Friday. Five Below is trading up about 3.2% on the day Friday. This buy marks the first one filed by Mussafer in the past year.

And at Neogen Corp. ( NEOG ), there was insider buying on Tuesday, by Director Thomas H. Reed who purchased 4,000 shares at a cost of $47.80 each, for a total investment of $191,181. Neogen Corp. is trading up about 2% on the day Friday. So far Reed is in the green, up about 5.2% on their buy based on today's trading high of $50.27.

VIDEO: Friday 9/25 Insider Buying Report: FIVE, NEOG

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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