Thursday 5/15 Insider Buying Report: WFM
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 Tuesday, Director William A. Tindell purchased $522,432 worth of Whole Foods Market ( WFM ), purchasing 13,256 shares at a cost of $39.41 a piece. Whole Foods Market is trading down about 1.4% on the day Thursday. Investors can bag WFM even cheaper than Tindell did, with shares changing hands as low as $38.06 at last check today -- that's 3.4% under Tindell's purchase price.
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