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.
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.
