A leading offshore driller and a delivery services provider that is turning around saw the most notable insider purchases in the final week of February. A couple of chief executive officers showed love for their companies too.
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.
Remember that with the earnings-reporting season still underway, some insiders are prohibited from buying or selling shares. Here are some of the more notable insider purchases that were reported in the past week.
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