Monday 10/4 Insider Buying Report: AVGO, AFB

Monday 10/4 Insider Buying Report: AVGO, AFB

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.

So let's look at two noteworthy recent insider buys.

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.

So let's look at two noteworthy recent insider buys.

On Wednesday, Broadcom's Director, Raul J.

Fernandez, made a $74,409 purchase of AVGO, buying 152 shares at a cost of $489.54 each.

Bargain hunters have the opportunity to bag AVGO even cheaper than Fernandez did, with shares changing hands as low as $472.78 in trading on Monday -- that's 3.4% under Fernandez's purchase price.

Broadcom is trading down about 2.4% on the day Monday.

Before this latest buy, Fernandez bought AVGO on 3 other occasions during the past twelve months, for a total investment of $164,286 at an average of $453.83 per share.

And also on Wednesday, Director Marshall C.

Turner bought $71,063 worth of AllianceBernstein National Municipal Income Fund, buying 4,771 shares at a cost of $14.89 a piece.

Before this latest buy, Turner made one other buy in the past year, purchasing $29,966 shares for a cost of $14.98 each.

AllianceBernstein National Municipal Income Fund is trading trading flat on the day Monday.

Turner was up about 1.4% on the purchase at the high point of today's trading session, with AFB trading as high as $15.10 at last check today.