From executives to beneficial owners, insiders are increasingly stepping up to the buy window as we approach the end of the year. Sizable insider purchases of the past week were seen at a Detroit automaker and an insurance giant. Overshadowing them all, however, was a colossal purchase by the Oracle of Omaha, who is bulking up his sizable stake in his favorite oil and gas exploration and production company.
A well-known adage reminds us that corporate insiders and 10% owners really only buy shares of a company because they believe the stock price will rise and they want to profit from it. Thus, insider buying can be an encouraging signal for potential investors. This is all the more so during times of uncertainty in the markets, and even when markets are near all-time highs.
Here are some of the more notable insider buying that was reported in the past week.
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