Friday 6/26 Insider Buying Report: ED, KODK

Friday 6/26 Insider Buying Report: ED, KODK

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 dollars 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 dollars to make a purchase, is that they expect to make money.

Today we look at two noteworthy recent insider buys.

On Wednesday, Consolidated Edison's CFO, Robert N.

Hoglund, made a $143,300 purchase of ED, buying 2,000 shares at a cost of $71.65 each.

Consolidated Edison is trading up about 0.8% on the day Friday.

Before this latest buy, Hoglund purchased ED on 12 other occasions during the past year, for a total cost of $58,945 at an average of $86.79 per share.

And at Eastman Kodak, there was insider buying on Tuesday, by Executive Chairman James V.

Continenza who purchased 46,737 shares at a cost of $2.22 each, for a total investment of $103,756.

Before this latest buy, Continenza purchased KODK at 3 other times during the past twelve months, for a total cost of $1.22M at an average of $2.42 per share.

Eastman Kodak is trading off about 4.1% on the day Friday.

Continenza was up about 9.5% on the purchase at the high point of today's trading session, with KODK trading as high as $2.43 in trading on Friday.