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Thursday 9/24 Insider Buying Report: LULU, TSI

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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

At lululemon athletica ( LULU ), a filing with the SEC revealed that on Monday, Chief Product Officer Tara Poseley bought 4,000 shares of LULU, at a cost of $53.52 each, for a total investment of $214,060. Bargain hunters can snag LULU even cheaper than Poseley did, with shares trading as low as $52.00 at last check today -- that's 2.8% below Poseley's purchase price. lululemon athletica is trading down about 2.1% on the day Thursday. This purchase marks the first one filed by Poseley in the past year.

And at TCW Strategic Income Fund ( TSI ), there was insider buying on Tuesday, by Portfolio Manager Tad Rivelle who bought 20,000 shares for a cost of $5.13 each, for a total investment of $102,529. Before this latest buy, Rivelle purchased TSI at 4 other times during the past year, for a total cost of $348,131 at an average of $5.37 per share. TCW Strategic Income Fund is trading up about 0.6% on the day Thursday. Rivelle was up about 1.0% on the buy at the high point of today's trading session, with TSI trading as high as $5.18 at last check today.

VIDEO: Thursday 9/24 Insider Buying Report: LULU, TSI

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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