Wednesday 11/23 Insider Buying Report: HD, DUK
updated Wednesday, November 23, 10:34 AM
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.
At Home Depot, a filing with the SEC revealed that on Friday, Director Jeffery H. Boyd purchased 10,000 shares of HD, for a cost of $128.27 each, for a total investment of $1.28M. So far Boyd is in the green, up about 2.9% on their purchase based on today's trading high of $131.99. Home Depot is trading up about 0.1% on the day Wednesday.
And also on Friday, EVP&President Natural Gas Business Frank H. Yoho purchased $1.1M worth of Duke Energy, purchasing 14,850 shares at a cost of $74.00 each. This buy marks the first one filed by Yoho in the past twelve months. Duke Energy is trading down about 0.3% on the day Wednesday.
For MarketNewsVideo.com, I'm Sayoko Murase.