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ADT

Tuesday 5/15 Insider Buying Report: ADT, EFC

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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 ADT, a filing with the SEC revealed that on Monday, Director Andrew Africk bought 130,000 shares of ADT, for a cost of $7.46 each, for a total investment of $969,921. Bargain hunters can buy ADT even cheaper than Africk did, with the stock trading as low as $6.93 at last check today -- that's 7.1% below Africk's purchase price. ADT is trading off about 2.7% on the day Tuesday.

And at Ellington Financial, there was insider buying on Friday, by CEO and President Laurence Penn who bought 23,890 shares at a cost of $15.77 each, for a trade totaling $376,794. Ellington Financial is trading trading flat on the day Tuesday. So far Penn is in the green, up about 3.8% on their buy based on today's trading high of $16.37.

VIDEO: Tuesday 5/15 Insider Buying Report: ADT, EFC

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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