Friday 2/27 Insider Buying Report: KO
The Online Investor - Fri., Feb. 27, 10:36 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 cash to make a purchase, is that they expect to make money. Today we look at one noteworthy recent insider buy.
On Tuesday, Coca-Cola (KO)'s Director, Marc J. Bolland, made a $420,949 buy of KO, purchasing 10,000 shares at a cost of $42.09 a piece. So far Bolland is in the green, up about 2.0% on their purchase based on today's trading high of $42.92. Coca-Cola is trading up about 0.8% on the day Friday.