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Wednesday 8/5 Insider Buying Report: LDL, WAB

Video Credit: Market News Video
Published on August 5, 2020 - Duration: 01:21s

Wednesday 8/5 Insider Buying Report: LDL, WAB

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.

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Wednesday 8/5 Insider Buying Report: LDL, WAB

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, Lydall's Director, Matthew Farrell, made a $492,998 purchase of LDL, buying 30,000 shares at a cost of $16.43 each.

Farrell was up about 22.4% on the buy at the high point of today's trading session, with LDL trading as high as $20.12 at last check today.

Lydall, is trading up about 4.3% on the day Wednesday.

This buy marks the first one filed by Farrell in the past twelve months.

And also on Monday, Director Linda S.

Harty purchased $309,670 worth of Wabtec, purchasing 5,000 shares at a cost of $61.93 a piece.

Wabtec is trading up about 0.7% on the day Wednesday.

Harty was up about 1.0% on the purchase at the high point of today's trading session, with WAB trading as high as $62.55 at last check today.

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