The officers and directors of a company tend to have a unique insider’s view of the business, and presumably, the only reason insiders would take their hard-earned cash and to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So, when highly ranked stocks turn up that see insider buying, investors are wise to take notice. One such company is Lockheed Martin Corporation (NYSE:LMT), which saw buying by Director Daniel F. Akerson.
Back on May 4, Akerson invested $380,317.80 into 2,000 shares of LMT for a cost per share of $190.16. In trading on Wednesday, Lockheed Martin stock was changing hands as low as $190.86 per share, which is 0.4% above Akerson’s purchase price. LMT stock is currently trading up 0.37% on the day. Lockheed Martin’s low point in its 52-week range is $156.23 per share, with $207.06 as the 52-week high point — that compares with a last trade of $191.39. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months.
Source: InvestorPlace
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