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Thursday 4/9 Insider Buying Report: SAIC

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at one noteworthy recent insider buy.

On Monday, Director Steven R. Shane bought $104,260 worth of Science Applications International ( SAIC ), buying 2,000 shares at a cost of $52.13 each. This buy marks the first one filed by Shane in the past year. Science Applications International is trading up about 1% on the day Thursday. So far Shane is in the green, up about 1.2% on their purchase based on today's trading high of $52.77.

VIDEO: Thursday 4/9 Insider Buying Report: SAIC

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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