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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At UGI, a filing with the SEC revealed that on Wednesday, Director Frank S. Hermance purchased 65,000 shares of UGI, for a cost of $38.15 each, for a total investment of $2.48M. UGI is trading off about 0.3% on the day Thursday.
And on Tuesday, Director Gregory K. Peters bought $500,106 worth of 2U, buying 49,663 shares at a cost of $10.07 each. 2U is trading up about 2.9% on the day Thursday. So far Peters is in the green, up about 7.7% on their buy based on today's trading high of $10.85
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