Friday 5/22 Insider Buying Report: WST, MAT
The Online Investor - 1 hour, 18 minutes 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 two noteworthy recent insider buys.
At West Pharmaceutical Services (WST), a filing with the SEC revealed that on Thursday, Chief Executive Officer Eric Mark Green purchased 18,300 shares of WST, at a cost of $54.89 each, for a total investment of $1.00M. West Pharmaceutical Services is trading up about 1.6% on the day Friday.
And on Wednesday, Director Dean A. Scarborough purchased $472,328 worth of Mattel (MAT), purchasing 18,400 shares at a cost of $25.67 each. Mattel is trading up about 0.8% on the day Friday. So far Scarborough is in the green, up about 3.1% on their buy based on today's trading high of $26.47.