Tuesday 10/19 Insider Buying Report: FAST, OMI

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

At Fastenal, a filing with the SEC revealed that on Friday, Director Sarah N. Nielsen purchased 1,000 shares of FAST, for a cost of $55.76 each, for a total investment of $55,760. Nielsen was up about 1.3% on the buy at the high point of today’s trading session, with FAST trading as high as $56.47 in trading on Tuesday. Fastenal is trading up about 1.4% on the day Tuesday.

And also on Friday, Director Robert J. Henkel bought $33,330 worth of Owens & Minor, buying 1,000 shares at a cost of $33.33 each. Before this latest buy, Henkel bought OMI at 3 other times during the past twelve months, for a total investment of $97,110 at an average of $32.37 per share. Owens & Minor, is trading up about 2.5% on the day Tuesday.

VIDEO: Tuesday 10/19 Insider Buying Report: FAST, OMI

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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