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.
Even with the third-quarter earnings reporting season underway, there was some notable action from insider buyers. Most notably, beneficial owner Berkshire Hathaway Inc. (NYSE: BRK-B) again boosted its stake in Warren Buffett’s favorite media stock. Biotech companies also continue to get some love from insiders. In addition, a repeat buyer came back for more shares of an entertainment giant. Let’s take a quick look at these transactions.
This post appeared first on 24/7 Wall St.