Friday 2/12 Insider Buying Report: JPM, CAVM
The Online Investor - 21 hours, 14 minutes ago
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.
At JPMorgan Chase (JPM), a filing with the SEC revealed that on Thursday, CEO James Dimon purchased 500,000 shares of JPM, at a cost of $53.18 each, for a total investment of $26.59M. Dimon was up about 5.3% on the purchase at the high point of today's trading session, with JPM trading as high as $56.02 in trading on Friday. JPMorgan Chase is trading up about 4.8% on the day Friday. Before this latest buy, Dimon made one other purchase in the past year, buying $50,452 shares for a cost of $63.06 a piece.
And at Cavium (CAVM), there was insider buying on Tuesday, by VP Finance & Admin CFO Arthur D. Chadwick who purchased 20,000 shares for a cost of $47.77 each, for a total investment of $955,400. This purchase marks the first one filed by Chadwick in the past twelve months. Cavium is trading up about 4.6% on the day Friday. So far Chadwick is in the green, up about 7.7% on their purchase based on today's trading high of $51.44.