Bargain hunters would be wise to pay close attention to insider buying, because while there are many different reasons why insiders might want to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase is because of the expectation that they a share will be money. Today we look at two notable recent insider purchases.
On Friday, Karin Rotem-wildeman, Chief R&D Officer of Keurig Dr Pepper, made a $211,148 purchase of KDP, purchasing 7,050 shares for $29.95 each. So far, Rotem-wildeman is in the green, up about 1.3% from their purchase based on today’s trading high of $30.35. Keurig Dr Pepper Inc is trading up about 0.8% on Tuesday. Before this latest purchase, Rotem-wildeman bought KDP three times in the past year, for a total investment of $2.82 million at an average of $34.15 per share.
And at Equifax, there was an insider purchase on Thursday by director Melissa D. Smith, who bought 914 shares at a cost of $166.27 each, for a total investment of $151,971. This purchase is the first that Smith has submitted in the past year. Equifax is trading about 2.2% higher on Tuesday.
VIDEO: Tuesday 10/31 Insider Buying Report: KDP, EFX
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