News Column

Wednesday 7/2 Insider Buying Report: MKC

July 2, 2014

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 one noteworthy recent insider buy.

On Monday, Director Jacques Tapiero purchased $71,770 worth of McCormick & Co. (MKC), purchasing 1,000 shares at a cost of $71.77 a piece. Before this latest buy, Tapiero made one other buy in the past year, purchasing $19,963 shares at a cost of $64.40 a piece. McCormick & Co. is trading down about 0.8% on the day Wednesday. Investors have the opportunity to buy MKC at a price even lower than Tapiero did, with the stock changing hands as low as $70.60 in trading on Wednesday which is 1.6% under Tapiero's purchase price.

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