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Monday 5/2 Insider Buying Report: LKQ, SCD

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Shutterstock photo

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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.

On Friday, LKQ Corp ( LKQ )'s CFO, Dominick P. Zarcone, made a $158,788 buy of LKQ, purchasing 5,000 shares at a cost of $31.76 each. LKQ Corp is trading up about 0.7% on the day Monday. Before this latest buy, Zarcone bought LKQ on 2 other occasions during the past twelve months, for a total investment of $460,339 at an average of $30.69 per share.

And on Wednesday, Harry D. Cohen bought $126,300 worth of LMP Capital and Income Fund ( SCD ), buying 10,000 shares at a cost of $12.63 a piece. This purchase marks the first one filed by Cohen in the past twelve months. LMP Capital and Income Fund is trading off about 0.5% on the day Monday.

VIDEO: Monday 5/2 Insider Buying Report: LKQ, SCD

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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