Markets

Monday 4/20 Insider Buying Report: LGF, COTY

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 Lions Gate Entertainment Corp. ( LGF ), a filing with the SEC revealed that on Friday, Director Gordon Crawford bought 35,000 shares of LGF, at a cost of $31.23 each, for a total investment of $1.09M. Lions Gate Entertainment Corp. is trading up about 2.1% on the day Monday. This purchase marks the first one filed by Crawford in the past twelve months.

And on Wednesday, Chief Financial Officer Patrice de Talhouet bought $436,765 worth of Coty ( COTY ), buying 17,569 shares at a cost of $24.86 each. This purchase marks the first one filed by de Talhouet in the past twelve months. Coty is trading up about 0.6% on the day Monday. de Talhouet was up about 3.6% on the purchase at the high point of today's trading session, with COTY trading as high as $25.76 at last check today.

VIDEO: Monday 4/20 Insider Buying Report: LGF, COTY

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

COTY

Other Topics

Investing

Latest Markets Videos