Markets
TDG

Thursday 3/16 Insider Buying Report: TDG, TLF

Shutterstock photo
Shutterstock photo

Shutterstock photo

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.

On Tuesday, TransDigm Group ( TDG )'s Director, Robert J. Small, made a $24.45M purchase of TDG, buying 104,967 shares at a cost of $232.95 a piece. Small was up about 3.5% on the purchase at the high point of today's trading session, with TDG trading as high as $241.05 in trading on Thursday. TransDigm Group is trading up about 3.4% on the day Thursday. Before this latest buy, Small bought TDG on 2 other occasions during the past year, for a total investment of $43.07M at an average of $246.58 per share.

And at Tandy Leather Factory ( TLF ), there was insider buying on Wednesday, by Director James C. Pappas who purchased 482,409 shares for a cost of $7.25 each, for a total investment of $3.5M. Before this latest buy, Pappas bought TLF at 2 other times during the past twelve months, for a total cost of $885,191 at an average of $7.58 per share. Tandy Leather Factory is trading up about 1% on the day Thursday. Pappas was up about 2.7% on the purchase at the high point of today's trading session, with TLF trading as high as $7.45 in trading on Thursday.

VIDEO: Thursday 3/16 Insider Buying Report: TDG, TLF

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.

In This Story

TDG TLF

Latest Markets Videos