Aug 10, 2021 (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.
At Portland General Electric, a filing with the SEC revealed that on Thursday, James P. Torgerson bought 5,000 shares of POR, for a cost of $49.79 each, for a total investment of $248,950. Portland General Electric is trading off about 0.8% on the day Tuesday.
And at CVS Health, there was insider buying on Thursday, by Director Edward J. Ludwig who purchased 3,000 shares for a cost of $79.55 each, for a trade totaling $238,635. Before this latest buy, Ludwig made one other purchase in the past twelve months, buying $216,000 shares at a cost of $72.00 each. CVS Health is trading down about 0.2% on the day Tuesday. Ludwig was up about 2.8% on the buy at the high point of today's trading session, with CVS trading as high as $81.81 in trading on Tuesday.
The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=20210820210810insiderPORCV&mv=1 .
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