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.
Thursday 6/18 Insider Buying Report: FOX, UBER
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 Monday, Fox's Executive Chairman, CEO, Lachlan K.
Murdoch, made a $2.87M purchase of FOX, buying 101,556 shares at a cost of $28.29 a piece.
Investors are able to snag FOX even cheaper than Murdoch did, with shares changing hands as low as $27.54 in trading on Thursday which is 2.7% below Murdoch's purchase price.
Fox is trading off about 0.9% on the day Thursday.
And at Uber Technologies, there was insider buying on Monday, by Robert Eckert who bought 15,740 shares for a cost of $31.60 each, for a total investment of $497,400.
This buy marks the first one filed by Eckert in the past year.
Uber Technologies is trading down about 0.6% on the day Thursday.
Eckert was up about 6.3% on the purchase at the high point of today's trading session, with UBER trading as high as $33.59 at last check today.