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Tuesday 7/14 Insider Buying Report: MU, PFIS

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.

On Thursday, Micron Technology ( MU )'s CFO & VP, Finance, Ernest E. Maddock, made a $87,500 purchase of MU, buying 5,000 shares at a cost of $17.50 a piece. Maddock was up about 13.4% on the buy at the high point of today's trading session, with MU trading as high as $19.84 in trading on Tuesday. Micron Technology is trading up about 10.3% on the day Tuesday. This buy marks the first one filed by Maddock in the past twelve months.

And also on Thursday, Director P. Frank Kozik purchased $8,102 worth of Peoples Financial Services Corp ( PFIS ), purchasing 200 shares at a cost of $40.51 each. Before this latest buy, Kozik made one other buy in the past twelve months, purchasing $9,875 shares at a cost of $39.50 a piece. Peoples Financial Services Corp is trading off about 0.6% on the day Tuesday. Investors have the opportunity to bag PFIS even cheaper than Kozik did, with the stock changing hands as low as $39.93 at last check today which is 1.4% below Kozik's purchase price.

VIDEO: Tuesday 7/14 Insider Buying Report: MU, PFIS

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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