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Tuesday 1/28 Insider Buying Report: ALLY, RLI

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 Ally Financial, a filing with the SEC revealed that on Friday, Chief Financial Officer Russell E. Hutchinson bought 19,100 shares of ALLY, for a cost of $39.45 each, for a total investment of $753,474. Ally Financial is trading off about 0.4% on the day Tuesday. This purchase marks the first one filed by Hutchinson in the past year.

And at RLI, there was insider buying on Friday, by CHIEF LEGAL OFFICER & CORP SEC Jeffrey D. Fick who purchased 2,000 shares for a cost of $72.13 each, for a trade totaling $144,260. This buy marks the first one filed by Fick in the past twelve months. RLI is trading up about 0.9% on the day Tuesday. So far Fick is in the green, up about 4.4% on their purchase based on today's trading high of $75.30.

Tuesday 1/28 Insider Buying Report: ALLY, RLIVIDEO: Tuesday 1/28 Insider Buying Report: ALLY, RLI

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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