Bargain hunters are wise to pay careful attention to insider buying because although there are various various reasons for an insider to sell a stock presumably the sole reason they might use their hard-earned dollars to make a purchase order is that they expect to make money. Today we investigate two noteworthy recent insider buys
At TransDigm Group (TDG) a filing with the SEC revealed that on Wednesday Director Raymond F. Laubenthal purchased 7 200 shares of TDG at a price of $245. 39 each for a complete investment of $1. 77M. Bargain hunters have the opportunity to grab TDG even cheaper than Laubenthal did with the stock trading as little as $235
14 in trading on Friday — that s 4. 2% below Laubenthal s purchase price. TransDigm Group is trading down about 1. 3% on the day Friday. Before this latest buy Laubenthal made one more buy in the past 12 months purchasing $1. 77M shares at a price of $245. 39 a piece
And at SunOpta (STKL) there was insider buying on Thursday by Director Albert D. Bolles who purchased 40 000 shares for a price of $7. 35 each for a complete investment of $293 956. SunOpta is trading up about 1. 4% on the day Friday
