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 a recent insider purchase of note.
On Monday, Curtiss-Wright's CFO, K. Christopher Farkas, made a $9,124 buy of CW, purchasing 30 shares at a cost of $304.12 each. Farkas was up about 16.6% on the purchase at the high point of today's trading session, with CW trading as high as $354.50 at last check today. Curtiss-Wright is trading up about 0.9% on the day Tuesday. Before this latest buy, Farkas made one other buy in the past year, purchasing $11,864 shares at a cost of $232.62 a piece.
VIDEO: Tuesday 1/7 Insider Buying Report: CW
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