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Monday 8/11 Insider Buying Report: XRX

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 one noteworthy recent insider buy.

At Xerox ( XRX ), a filing with the SEC revealed that on Thursday, Executive Vice President Robert K. Zapfel bought 40,000 shares of XRX, for a cost of $12.94 each, for a total investment of $517,536. Zapfel was up about 3.6% on the purchase at the high point of today's trading session, with XRX trading as high as $13.41 at last check today. Xerox is trading up about 1.4% on the day Monday.

VIDEO: Monday 8/11 Insider Buying Report: XRX

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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