Markets

Monday 5/14 Insider Buying Report: UAL, LCII

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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.

At United Continental Holdings, a filing with the SEC revealed that on Thursday, Director Edward Shapiro purchased 50,000 shares of UAL, for a cost of $65.86 each, for a total investment of $3.29M. So far Shapiro is in the green, up about 2.6% on their buy based on today's trading high of $67.60. United Continental Holdings is trading up about 0.8% on the day Monday. Before this latest buy, Shapiro bought UAL at 2 other times during the past twelve months, for a total investment of $2.66M at an average of $66.61 per share.

And on Wednesday, Director James Gero purchased $893,360 worth of LCI Industries, purchasing 10,000 shares at a cost of $89.34 a piece. Before this latest buy, Gero bought LCII on 3 other occasions during the past twelve months, for a total investment of $2.03M at an average of $106.61 per share. LCI Industries is trading up about 1% on the day Monday.

VIDEO: Monday 5/14 Insider Buying Report: UAL, LCII

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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