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Wednesday 6/1 Insider Buying Report: WDC, RPXC

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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 Tuesday, Western Digital ( WDC )'s Chief Executive Officer, Stephen D. Milligan, made a $1.02M purchase of WDC, buying 22,500 shares at a cost of $45.53 each. So far Milligan is in the green, up about 4.9% on their purchase based on today's trading high of $47.78. Western Digital is trading up about 0.6% on the day Wednesday.

And at RPX Corp ( RPXC ), there was insider buying on Friday, by Director Gilbert Samuel Palter who purchased 100,000 shares for a cost of $9.77 each, for a total investment of $976,508. This buy marks the first one filed by Palter in the past year. RPX Corp is trading up about 2.9% on the day Wednesday. So far Palter is in the green, up about 6.2% on their buy based on today's trading high of $10.37.

VIDEO: Wednesday 6/1 Insider Buying Report: WDC, RPXC

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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