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.
On Thursday, 2U ( TWOU )'s Director, Paul A. Maeder, made a $4.17M purchase of TWOU, buying 67,830 shares at a cost of $61.45 each. Maeder was up about 3.8% on the buy at the high point of today's trading session, with TWOU trading as high as $63.79 at last check today. 2U is trading up about 2.2% on the day Tuesday.
And on Friday, Director Rodney C. Adkins bought $499,777 worth of PayPal Holdings ( PYPL ), buying 6,750 shares at a cost of $74.04 a piece. PayPal Holdings is trading up about 0.8% on the day Tuesday.
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.
