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TPX

Wednesday 5/4 Insider Buying Report: TPX, P

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Shutterstock photo

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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.

On Tuesday, Tempur Sealy International ( TPX )'s CEO Scott L. Thompson, made a $1.00M purchase of TPX, buying 16,679 shares at a cost of $59.96 each. So far Thompson is in the green, up about 6.2% on their buy based on today's trading high of $63.70. Tempur Sealy International is trading up about 4.9% on the day Wednesday. This purchase marks the first one filed by Thompson in the past twelve months.

And on Monday, CFO Michael S. Herring purchased $460,640 worth of Pandora Media ( P ), purchasing 50,000 shares at a cost of $9.21 a piece. Pandora Media is trading up about 4.3% on the day Wednesday. Bargain hunters have the opportunity to bag P at a price even lower than Herring did, with shares changing hands as low as $8.80 in trading on Wednesday which is 4.5% under Herring's purchase price.

VIDEO: Wednesday 5/4 Insider Buying Report: TPX, P

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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