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Wednesday 5/14 Insider Buying Report: LQDT, MM

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 Liquidity Services ( LQDT ), a filing with the SEC revealed that on Monday, Director Jaime Mateus-Tique bought 180,000 shares of LQDT, for a cost of $12.64 each, for a total investment of $2.28M. Liquidity Services is trading up about 2.3% on the day Wednesday. Before this latest buy, Mateus-Tique bought LQDT on 5 other occasions during the past twelve months, for a total investment of $3.39M at an average of $25.10 per share.

And on Tuesday, CEO Michael G. Barrett purchased $1.00M worth of Millennial Media ( MM ), purchasing 291,000 shares at a cost of $3.45 a piece. This buy marks the first one filed by Barrett in the past twelve months. Millennial Media is trading up about 9.2% on the day Wednesday.

VIDEO: Wednesday 5/14 Insider Buying Report: LQDT, MM

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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