Wednesday 3/11 Insider Buying Report: CLF, HPP

Wednesday 3/11 Insider Buying Report: CLF, HPP

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.

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 Cleveland-Cliffs, a filing with the SEC revealed that on Wednesday, CEO Lourenco Goncalves bought 200,000 shares of CLF, at a cost of $4.49 each, for a total investment of $898,260.

Cleveland-Cliffs is trading down about 5.1% on the day Wednesday.

Before this latest buy, Goncalves made one other buy in the past twelve months, purchasing $93,597 shares for a cost of $9.36 a piece.

And at Hudson Pacific Properties, there was insider buying on Friday, by Director Ted R.

Antenucci who bought 15,625 shares for a cost of $31.92 each, for a total investment of $498,750.

Hudson Pacific Properties is trading down about 8.8% on the day Wednesday.

Investors can snag HPP at a price even lower than Antenucci did, with shares trading as low as $27.30 in trading on Wednesday -- that's 14.5% below Antenucci's purchase price.