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 .
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