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Tuesday 8/7 Insider Buying Report: WH, BGCP

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.

On Monday, Wyndham Hotels & Resorts ( WH )'s President & Chief Exec Officer, Geoffrey A. Ballotti, made a $614,824 buy of WH, purchasing 10,000 shares at a cost of $61.48 each. Wyndham Hotels & Resorts is trading down about 0.5% on the day Tuesday.

And at BGC Partners ( BGCP ), there was insider buying on Thursday, by Director William J. Moran who purchased 10,000 shares at a cost of $11.09 each, for a trade totaling $110,900. This buy marks the first one filed by Moran in the past twelve months. BGC Partners is trading up about 0.6% on the day Tuesday.

VIDEO: Tuesday 8/7 Insider Buying Report: WH, BGCP

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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