PLAY

Friday 12/13 Insider Buying Report: PLAY, JNJ

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 Thursday, Dave & Busters Entertainment's Interim CEO, Kevin M. Sheehan, made a $961,397 purchase of PLAY, buying 37,735 shares at a cost of $25.48 each. Sheehan was up about 9.4% on the purchase at the high point of today's trading session, with PLAY trading as high as $27.88 in trading on Friday. Dave & Busters Entertainment is trading up about 7.9% on the day Friday.

And also on Thursday, Director Mark A. Weinberger bought $147,220 worth of Johnson & Johnson, buying 1,000 shares at a cost of $147.22 a piece. This buy marks the first one filed by Weinberger in the past year. Johnson & Johnson is trading down about 0.6% on the day Friday. Bargain hunters are able to snag JNJ even cheaper than Weinberger did, with the stock changing hands as low as $145.27 in trading on Friday which is 1.3% below Weinberger's purchase price.

Friday 12/13 Insider Buying Report: PLAY, JNJVIDEO: Friday 12/13 Insider Buying Report: PLAY, JNJ

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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