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Thursday 1/26 Insider Buying Report: CARO, SPGI

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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 Carolina Financial ( CARO ), a filing with the SEC revealed that on Wednesday, Director W. Scott Brandon purchased 3,464 shares of CARO, for a cost of $28.00 each, for a total investment of $96,992. So far Brandon is in the green, up about 11.4% on their buy based on today's trading high of $31.18. Carolina Financial is trading up about 2% on the day Thursday. This buy marks the first one filed by Brandon in the past twelve months.

And on Monday, Director Maria R. Morris bought $46,360 worth of S&P Global ( SPGI ), buying 400 shares at a cost of $115.90 each. This purchase marks the first one filed by Morris in the past twelve months. S&P Global is trading up about 1.2% on the day Thursday. Morris was up about 5.4% on the purchase at the high point of today's trading session, with SPGI trading as high as $122.21 at last check today.

VIDEO: Thursday 1/26 Insider Buying Report: CARO, SPGI

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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