Markets
MDP

Wednesday 9/11 Insider Buying Report: MDP, COMM

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 Meredith, a filing with the SEC revealed that on Monday, CEO Thomas H. Harty bought 12,000 shares of MDP, at a cost of $35.02 each, for a total investment of $420,240. So far Harty is in the green, up about 9.0% on their buy based on today's trading high of $38.17. Meredith is trading up about 7.4% on the day Wednesday.

And also on Monday, Director L. William Krause bought $252,248 worth of CommScope Holding, buying 21,250 shares at a cost of $11.87 each. CommScope Holding is trading up about 3.2% on the day Wednesday. So far Krause is in the green, up about 9.3% on their buy based on today's trading high of $12.97.

VIDEO: Wednesday 9/11 Insider Buying Report: MDP, COMM

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

In This Story

MDP COMM

Other Topics

Stocks

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More