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Tuesday 12/15 Insider Buying Report: CI, CVA

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

At Cigna ( CI ), a filing with the SEC revealed that on Thursday, Director John Partridge bought 8,820 shares of CI, for a cost of $139.35 each, for a total investment of $1.23M. So far Partridge is in the green, up about 2.6% on their buy based on today's trading high of $142.94. Cigna is trading up about 0.8% on the day Tuesday. This buy marks the first one filed by Partridge in the past year.

And at Covanta Holding ( CVA ), there was insider buying on Monday, by Director Joseph M. Holsten who bought 80,780 shares for a cost of $14.49 each, for a total investment of $1.17M. Covanta Holding is trading up about 3.9% on the day Tuesday.

VIDEO: Tuesday 12/15 Insider Buying Report: CI, CVA

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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