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 Wednesday, Director Stephen G. Pagliuca bought $9.94M worth of Gartner, buying 43,300 shares at a cost of $229.57 a piece. Gartner is trading up about 4.6% on the day Monday. So far Pagliuca is in the green, up about 6.7% on their buy based on today's trading high of $245.02.
VIDEO: Monday 12/15 Insider Buying Report: IT
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