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 a noteworthy recent insider buy.
At Avon Products ( AVP ), there was insider buying on Wednesday, by Director Douglas R. Conant who purchased 37,464 shares for a cost of $13.34 each, for a total investment of $499,770. Avon Products is trading up about 1.5% on the day Monday. So far Conant is in the green, up about 3.4% on their buy based on today's trading high of $13.80.
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.
