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Wednesday 1/16 Insider Buying Report: VVV, SAR

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.

At Valvoline ( VVV ), a filing with the SEC revealed that on Monday, Chief Executive Officer Samuel J. Mitchell bought 25,000 shares of VVV, for a cost of $20.78 each, for a total investment of $519,500. Valvoline is trading up about 1.8% on the day Wednesday.

And on Tuesday, CFO Henri J. Steenkamp bought $26,576 worth of Saratoga Investment ( SAR ), buying 1,208 shares at a cost of $22.00 a piece. Saratoga Investment is trading down about 0.3% on the day Wednesday. So far Steenkamp is down about 0.9% on the buy, with the stock trading as low as $21.80 in trading on Wednesday.

VIDEO: Wednesday 1/16 Insider Buying Report: VVV, SAR

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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