updated Monday, May 9, 1:38 PM
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 Ball, a filing with the SEC revealed that on Friday, Director Hanno C. Fiedler purchased 7,000 shares of BLL, for a cost of $71.77 each, for a total investment of $502,390. Ball is trading up about 0.8% on the day Monday. This buy marks the first one filed by Fiedler in the past year.
And at Univar, there was insider buying on Friday, by Director Stephen D. Newlin who bought 22,000 shares at a cost of $16.79 each, for a total investment of $369,367. This purchase marks the first one filed by Newlin in the past twelve months. Univar is trading down about 0.1% on the day Monday. Newlin was up about 4.1% on the purchase at the high point of today's trading session, with UNVR trading as high as $17.48 in trading on Monday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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