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Thursday 10/9 Insider Buying Report: FCEL, VGR

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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

At FuelCell Energy ( FCEL ), a filing with the SEC revealed that on Tuesday, Director John A. Rolls bought 100,000 shares of FCEL, at a cost of $1.88 each, for a total investment of $188,000. FuelCell Energy is trading down about 6.5% on the day Thursday. This purchase marks the first one filed by Rolls in the past twelve months.

And on Wednesday, CFO J. Bryant Kirkland III purchased $38,959 worth of Vector Group ( VGR ), purchasing 1,898 shares at a cost of $20.53 a piece. Vector Group is trading down about 2% on the day Thursday.

VIDEO: Thursday 10/9 Insider Buying Report: FCEL, VGR

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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