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Tuesday 2/16 Insider Buying Report: WAIR, FOX

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Shutterstock photo

Shutterstock photo

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.

VIDEO: Tuesday 2/16 Insider Buying Report: WAIR, FOX

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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