Bulletin
Investor Alert

New York Markets Close in:

Feb. 28, 2020, 2:28 p.m. EST

Friday 2/28 Insider Buying Report: ALGT, ORI

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

Feb 28, 2020 (MarketNewsVideo.com via COMTEX) --

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.

On Thursday, Allegiant Travel's President, John Redmond, made a $979,650 buy of ALGT, purchasing 7,000 shares at a cost of $139.95 each. Bargain hunters are able to buy ALGT at a price even lower than Redmond did, with the stock changing hands as low as $126.23 in trading on Friday which is 9.8% under Redmond's purchase price. Allegiant Travel is trading up about 2.8% on the day Friday.

And at Old Republic International, there was insider buying on Friday, by Director Aldo C. Zucaro who purchased 30,000 shares at a cost of $19.64 each, for a total investment of $589,200. This purchase marks the first one filed by Zucaro in the past year. Old Republic International is trading down about 2.6% on the day Friday.

The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=20200220200228insiderALGTO&mv=1 .







        http://www.marketnewsvideo.com/
        


Copyright 2020 MarketNewsVideo.com

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.