The number of notable insider purchases in mid-January may have been somewhat small, but a couple from the Oracle of Omaha made headlines. Plus, insiders at three healthcare-related firms and a refiner scooped up some shares during the holiday-shortened week as well.
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 a new earnings-reporting season underway, many 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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