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Tuesday 9/29 Insider Buying Report: WOR, DRI

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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 Friday, Worthington Industries ( WOR )'s Director, John B. Blystone, made a $522,000 buy of WOR, purchasing 20,000 shares at a cost of $26.10 each. Worthington Industries is trading up about 1.1% on the day Tuesday. Before this latest buy, Blystone made one other purchase in the past twelve months, buying $243,307 shares at a cost of $24.33 a piece.

And at Darden Restaurants ( DRI ), there was insider buying on Friday, by Director James P. Fogarty who purchased 2,900 shares for a cost of $70.50 each, for a trade totaling $204,450. Darden Restaurants is trading off about 0.2% on the day Tuesday. Bargain hunters have the opportunity to buy DRI even cheaper than Fogarty did, with the stock changing hands as low as $67.55 in trading on Tuesday -- that's 4.2% under Fogarty's purchase price.

VIDEO: Tuesday 9/29 Insider Buying Report: WOR, DRI

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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