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Monday 9/28 Insider Buying Report: APOG, AMAT

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, Apogee Enterprises ( APOG )'s Chief Executive Officer & President, Joseph F. Puishys, made a $507,241 purchase of APOG, buying 11,000 shares at a cost of $46.11 a piece. Apogee Enterprises is trading off about 0.5% on the day Monday.

And on Thursday, CEO Gary E. Dickerson purchased $430,200 worth of Applied Materials ( AMAT ), purchasing 30,000 shares at a cost of $14.34 each. Before this latest buy, Dickerson made one other buy in the past year, purchasing $156,800 shares at a cost of $15.68 each. Applied Materials is trading down about 0.3% on the day Monday. Dickerson was up about 2.1% on the purchase at the high point of today's trading session, with AMAT trading as high as $14.64 at last check today.

VIDEO: Monday 9/28 Insider Buying Report: APOG, AMAT

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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