Markets

Wednesday 5/16 Insider Buying Report: CAT, SSNC

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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.

At Caterpillar, a filing with the SEC revealed that on Monday, Director David L. Calhoun bought 5,000 shares of CAT, at a cost of $155.37 each, for a total investment of $776,850. Bargain hunters are able to bag CAT even cheaper than Calhoun did, with shares changing hands as low as $152.35 at last check today -- that's 1.9% below Calhoun's purchase price. Caterpillar is trading up about 0.6% on the day Wednesday.

And at SS&C Technologies Holdings, there was insider buying on Friday, by Director Jonathan E. Michael who purchased 12,543 shares for a cost of $49.10 each, for a total investment of $615,883. This purchase marks the first one filed by Michael in the past twelve months. SS&C Technologies Holdings is trading up about 1.3% on the day Wednesday.

VIDEO: Wednesday 5/16 Insider Buying Report: CAT, SSNC

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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