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These 3 CEOs Are Still Making Insider Purchases

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Insider buying has dwindled as the markets have hit new highs and a new earnings season has begun.

  • However, three CEOs seem to have missed the memo and have made notable insider purchases regardless.
  • Strong insider buying is often considered a positive sign for investors, particularly during volatile periods.

With the markets having reached new all-time highs, as well as the second-quarter earnings reporting season in full swing, insider buying has slowed to a crawl. However, some insiders don't seem to have gotten the memo. Specifically, the chief executive officers at Akamai Technologies, Inc. (NASDAQ: AKAM), Opko Health Inc. (NASDAQ: OPK) and Restoration Hardware Holdings Inc (NYSE: RH) increased their stakes recently.

On the other hand, the number of insiders selling shares is plentiful, which should be no surprise. Executives and other insiders at the likes of American Tower, CarMax, Delta Air Lines, Electronic Arts, Facebook and Yum Brands have all taken the opportunity lately to shed some shares and cash in.

Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. Insider buying can ...

Full story available on Benzinga.com


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