Markets

Thursday 5/26 Insider Buying Report: AAP, ERII

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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.

At Advance Auto Parts ( AAP ), a filing with the SEC revealed that on Wednesday, Director Jeffrey C. Smith bought 150,000 shares of AAP, at a cost of $152.73 each, for a total investment of $22.91M. Smith was up about 1.8% on the buy at the high point of today's trading session, with AAP trading as high as $155.52 at last check today. Advance Auto Parts is trading up about 0.9% on the day Thursday.

And on Tuesday, VP, Corporate Strategy Eric Siebert bought $203,427 worth of Energy Recovery ( ERII ), buying 21,389 shares at a cost of $9.51 each. Energy Recovery is trading up about 1% on the day Thursday. Siebert was up about 11.9% on the buy at the high point of today's trading session, with ERII trading as high as $10.64 at last check today.

VIDEO: Thursday 5/26 Insider Buying Report: AAP, ERII

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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