Tuesday 10/21 Insider Buying Report: UFPI
The Online Investor - 18 hours, 1 minute 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 one noteworthy recent insider buy.
On Friday, Universal Forest Products (UFPI)'s , John M. Engler, made a $116,500 purchase of UFPI, buying 2,500 shares at a cost of $46.60 a piece. Engler was up about 5.5% on the purchase at the high point of today's trading session, with UFPI trading as high as $49.16 in trading on Tuesday. Universal Forest Products is trading off about 5.1% on the day Tuesday. This buy marks the first one filed by Engler in the past year.