Investor Alert

Aug. 3, 2021, 1:42 p.m. EDT

Tuesday 8/3 Insider Buying Report: MNRO, MRBK

Watchlist Relevance

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

Aug 03, 2021 (MarketNewsVideo.com via COMTEX) --

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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

On Friday, Monro's CEO & President, Michael T. Broderick, made a $296,930 buy of MNRO, purchasing 5,000 shares at a cost of $59.39 each. Monro is trading up about 3.3% on the day Tuesday. Before this latest buy, Broderick made one other purchase in the past year, buying $622,362 shares for a cost of $62.24 a piece.

And at Meridian, there was insider buying on Monday, by Director Robert M. Casciato who purchased 10,000 shares for a cost of $26.95 each, for a trade totaling $269,508. This purchase marks the first one filed by Casciato in the past year. Meridian is trading up about 1.4% on the day Tuesday.

The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=20210820210803insiderMNROM&mv=1 .



Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Copyright 2021 MarketNewsVideo.com

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.