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Tuesday 8/19 Insider Buying Report: IVAC, LPI

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

On Friday, Intevac ( IVAC )'s Director, Matthew A. Drapkin, made a $827,136 purchase of IVAC, buying 124,153 shares at a cost of $6.66 a piece. Drapkin was up about 6.4% on the purchase at the high point of today's trading session, with IVAC trading as high as $7.09 at last check today. Intevac is trading up about 3.8% on the day Tuesday. Before this latest buy, Drapkin bought IVAC on 6 other occasions during the past twelve months, for a total cost of $5.21M at an average of $6.51 per share.

And on Thursday, Director L. F. Rooney III bought $490,727 worth of Laredo Petroleum ( LPI ), buying 20,882 shares at a cost of $23.50 each. This buy marks the first one filed by Rooney III in the past twelve months. Laredo Petroleum is trading up about 1% on the day Tuesday. Rooney III was up about 2.3% on the purchase at the high point of today's trading session, with LPI trading as high as $24.05 in trading on Tuesday.

VIDEO: Tuesday 8/19 Insider Buying Report: IVAC, LPI

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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