News Column

Tuesday 7/29 Insider Buying Report: T, CLB

July 29, 2014

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.

At AT&T (T), a filing with the SEC revealed that on Friday, Director Glenn H. Hutchins bought 100,000 shares of AT&T, at a cost of $35.64 each, for a total investment of $3.56M. So far Hutchins is in the green, up about 5.2% on their purchase based on today's trading high of $37.48. AT&T is trading up about 3.9% on the day Tuesday. This purchase marks the first one filed by Hutchins in the past year.

And at Core Laboratories (CLB), there was insider buying on Monday, by CFO Richard L. Bergmark who bought 7,000 shares for a cost of $147.31 each, for a trade totaling $1.03M. This buy marks the first one filed by Bergmark in the past year. Core Laboratories is trading up about 1.8% on the day Tuesday.

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