Friday 6/24 Insider Buying Report: JLL, SHOS
The Online Investor - 23 hours, 30 minutes ago
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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Jones Lang LaSalle (JLL), a filing with the SEC revealed that on Tuesday, Director Samuel A. Di Piazza, Jr. purchased 2,200 shares of JLL, for a cost of $112.00 each, for a total investment of $246,400. Bargain hunters can pick up JLL even cheaper than Samuel A. Di Piazza, Jr. did, with shares trading as low as $108.09 at last check today which is 3.5% below Di Jr.'s purchase price. Jones Lang LaSalle is trading off about 7.5% on the day Friday. This purchase marks the first one filed by Di Jr. in the past year.
And also on Tuesday, Director Robbins David bought $59,400 worth of Sears Hometown & Outlet Stores (SHOS), buying 10,000 shares at a cost of $5.94 each. Sears Hometown & Outlet Stores is trading off about 0.8% on the day Friday.