APO

Wednesday 4/9 Insider Buying Report: APO, CCO

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.

On Friday, Apollo Global Management (APO)'s , 2018 Gst Trust LB, made a $67.7M purchase of APO, buying 607,725 shares at a cost of $111.39 a piece. Apollo Global Management is trading up about 0.9% on the day Wednesday.

And at Clear Channel Outdoor Holdings (CCO), there was insider buying on Monday, by Arturo R. Moreno who bought 5,000,000 shares for a cost of $0.95 each, for a total investment of $4.78M. Before this latest buy, Moreno purchased CCO on 2 other occasions during the past twelve months, for a total investment of $3.50M at an average of $1.45 per share. Clear Channel Outdoor Holdings is trading up about 4.6% on the day Wednesday. Bargain hunters are able to bag CCO at a price even lower than Moreno did, with the stock trading as low as $0.86 at last check today -- that's 9.7% below Moreno's purchase price.

Wednesday 4/9 Insider Buying Report: APO, CCOVIDEO: Wednesday 4/9 Insider Buying Report: APO, CCO

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.