Markets
T

Tuesday 7/28 Insider Buying Report: T, LMST

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

At AT&T, a filing with the SEC revealed that on Thursday, Director Stephen J. Luczo purchased 100,000 shares of T, at a cost of $29.69 each, for a total investment of $2.97M. Investors have the opportunity to pick up T at a price even lower than Luczo did, with the stock changing hands as low as $29.20 at last check today which is 1.7% under Luczo's purchase price. AT&T is trading up about 1.2% on the day Tuesday. Before this latest buy, Luczo purchased T at 2 other times during the past year, for a total investment of $4.82M at an average of $35.43 per share.

And on Monday, Director W. Glenn Hogan bought $206,336 worth of Limestone Bancorp, buying 18,763 shares at a cost of $11.00 a piece. Before this latest buy, Hogan bought LMST at 3 other times during the past year, for a total cost of $108,538 at an average of $9.66 per share. Limestone Bancorp is trading trading flat on the day Tuesday. Thus far Hogan is down about 0.3% on the purchase, with the stock changing hands as low as $10.96 at last check today.

VIDEO: Tuesday 7/28 Insider Buying Report: T, LMST

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

T LMST

Other Topics

Stocks

Latest Markets Videos

BNK Invest

BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

Learn More