Markets

Monday 12/14 Insider Buying Report: WLH, EXEL

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.

On Friday, William Lyon Homes ( WLH )'s Executive Chairman, William Lyon, made a $508,190 buy of WLH, purchasing 33,000 shares at a cost of $15.40 a piece. So far Lyon is in the green, up about 2.4% on their buy based on today's trading high of $15.77. William Lyon Homes is trading up about 1.8% on the day Monday. This purchase marks the first one filed by Lyon in the past year.

And also on Friday, Director Lance Willsey bought $488,550 worth of Exelixis ( EXEL ), buying 100,000 shares at a cost of $4.89 each. This buy marks the first one filed by Willsey in the past twelve months. Exelixis is trading up about 1.5% on the day Monday.

VIDEO: Monday 12/14 Insider Buying Report: WLH, EXEL

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.

In This Story

EXEL

Other Topics

Investing

Latest Markets Videos