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Thursday 12/29 Insider Buying Report: WGO, ROX

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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 Winnebago Industries ( WGO ), a filing with the SEC revealed that on Tuesday, Director William C. Fisher bought 3,000 shares of WGO, at a cost of $33.80 each, for a total investment of $101,400. Bargain hunters are able to buy WGO at a price even lower than Fisher did, with shares changing hands as low as $32.01 at last check today which is 5.3% under Fisher's purchase price. Winnebago Industries is trading up about 0.1% on the day Thursday.

And on Wednesday, CEO Richard Lampen bought $64,753 worth of Castle Brands ( ROX ), buying 90,000 shares at a cost of $0.72 a piece. Before this latest buy, Lampen purchased ROX at 11 other times during the past twelve months, for a total cost of $295,360 at an average of $0.77 per share. Castle Brands is trading up about 6.1% on the day Thursday. Lampen was up about 8.4% on the buy at the high point of today's trading session, with ROX trading as high as $0.78 in trading on Thursday.

VIDEO: Thursday 12/29 Insider Buying Report: WGO, ROX

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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