Friday 4/29 Insider Buying Report: CAT, EAT
The Online Investor - Fri., Apr. 29, 10:38 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 two noteworthy recent insider buys.
On Tuesday, Caterpillar (CAT)'s Director, David L. Calhoun, made a $1.94M purchase of CAT, buying 25,000 shares at a cost of $77.44 a piece. Calhoun was up about 2.0% on the purchase at the high point of today's trading session, with CAT trading as high as $79.00 in trading on Friday. Caterpillar is trading up about 0.8% on the day Friday. This buy marks the first one filed by Calhoun in the past year.
And on Wednesday, CFO Thomas Edwards Jr. purchased $250,228 worth of Brinker International (EAT), purchasing 5,500 shares at a cost of $45.50 each. Brinker International is trading up about 1.4% on the day Friday. Edwards Jr. was up about 2.2% on the buy at the high point of today's trading session, with EAT trading as high as $46.48 in trading on Friday.