Wednesday 5/25 Insider Buying Report: GE, ORLY
The Online Investor - 18 hours, 9 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.
On Friday, General Electric (GE)'s CEO, Jeffrey R. Immelt, made a $2.00M purchase of GE, buying 67,600 shares at a cost of $29.59 a piece. Immelt was up about 2.4% on the purchase at the high point of today's trading session, with GE trading as high as $30.31 at last check today. General Electric is trading up about 1.5% on the day Wednesday.
And at O'Reilly Automotive (ORLY), there was insider buying on Monday, by SVP Tony E. Bartholomew who purchased 1,700 shares for a cost of $256.00 each, for a trade totaling $435,200. O'Reilly Automotive is trading up about 0.9% on the day Wednesday. Bartholomew was up about 1.6% on the buy at the high point of today's trading session, with ORLY trading as high as $259.99 in trading on Wednesday.