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Monday 11/19 Insider Buying Report: ITRI, MAIN

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy - they expect to make money. So let's look at two noteworthy recent insider buys.

On Thursday, Itron ( ITRI )'s Director, Gary E. Pruitt, made a $1.06M purchase of ITRI, buying 20,000 shares at a cost of $52.88 a piece. So far Pruitt is in the green, up about 3.4% on their buy based on today's trading high of $54.69. Itron is trading off about 1.1% on the day Monday. This buy marks the first one filed by Pruitt in the past twelve months.

And at Main Street Capital ( MAIN ), there was insider buying on Friday, by Executive Chairman Vincent D. Foster who bought 25,869 shares at a cost of $38.66 each, for a total investment of $1.00M. This purchase marks the first one filed by Foster in the past twelve months. Main Street Capital is trading up about 0.5% on the day Monday.

VIDEO: Monday 11/19 Insider Buying Report: ITRI, MAIN

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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