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Wednesday 2/4 Insider Buying Report: MJN, EMC

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.

At Mead Johnson Nutrition ( MJN ), a filing with the SEC revealed that on Tuesday, Director James M. Cornelius purchased 10,000 shares of MJN, at a cost of $99.78 each, for a total investment of $997,758. Cornelius was up about 1.5% on the purchase at the high point of today's trading session, with MJN trading as high as $101.23 at last check today. Mead Johnson Nutrition is trading up about 0.1% on the day Wednesday. This purchase marks the first one filed by Cornelius in the past twelve months.

And at EMC Corp. ( EMC ), there was insider buying on Friday, by Director Donald J. Carty who bought 20,000 shares for a cost of $26.13 each, for a total investment of $522,600. This buy marks the first one filed by Carty in the past twelve months. EMC Corp. is trading up about 0.7% on the day Wednesday. Carty was up about 3.9% on the buy at the high point of today's trading session, with EMC trading as high as $27.16 in trading on Wednesday.

VIDEO: Wednesday 2/4 Insider Buying Report: MJN, EMC

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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