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 one noteworthy recent insider buy.
At Alexandria Real Estate Equities (ARE), there was insider buying on Thursday, by Executive Chairman Joel S. Marcus who bought 25,000 shares at a cost of $53.92 each, for a total investment of $1.35M. Alexandria Real Estate Equities is trading up about 0.8% on the day Tuesday.
VIDEO: Tuesday 2/17 Insider Buying Report: ARE
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