Markets

Wednesday 2/15 Insider Buying Report: TWTR, COTY

Shutterstock photo
Shutterstock photo

Shutterstock photo

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 Tuesday, Twitter's Chief Executive Officer, Jack Dorsey, made a $7.00M buy of TWTR , purchasing 425,998 shares at a cost of $16.43 a piece. Twitter is trading up about 0.4% on the day Wednesday. This buy marks the first one filed by Dorsey in the past year.

And on Friday, Chief Legal Officer Greerson Greene McMullen purchased $749,222 worth of Coty, purchasing 40,500 shares at a cost of $18.50 each. Coty is trading up about 2.6% on the day Wednesday. McMullen was up about 7.1% on the buy at the high point of today's trading session, with COTY trading as high as $19.81 in trading on Wednesday.

VIDEO: Wednesday 2/15 Insider Buying Report: TWTR, COTY

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.

In This Story

COTY

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More