Tuesday 2/16 Insider Buying Report: WAIR, FOX
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At Wesco Aircraft Holdings ( WAIR ), a filing with the SEC revealed that on Thursday, Director Thomas Bancroft bought 421,741 shares of WAIR, for a cost of $11.05 each, for a total investment of $4.66M. Bancroft was up about 6.1% on the purchase at the high point of today's trading session, with WAIR trading as high as $11.73 at last check today. Wesco Aircraft Holdings is trading off about 1.8% on the day Tuesday. Before this latest buy, Bancroft purchased WAIR at 2 other times during the past year, for a total investment of $3.51M at an average of $12.76 per share.
And also on Thursday, Director James Breyer purchased $1.05M worth of Twenty-First Century Fox ( FOX ), purchasing 43,000 shares at a cost of $24.50 a piece. This buy marks the first one filed by Breyer in the past twelve months. Twenty-First Century Fox is trading up about 2.3% on the day Tuesday. Breyer was up about 3.7% on the buy at the high point of today's trading session, with FOX trading as high as $25.41 at last check today.