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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys. On Tuesday, Fox's Executive Chair, CEO, Lachlan K. Murdoch, made a $10.27M purchase of FOX, buying 149,934 shares at a cost of $68.53 a piece. Investors can pick up FOX even cheaper than Murdoch did, with the stock trading as low as $58.66 at last check today which is 14.4% below Murdoch's purchase price. Fox is trading off about 0.3% on the day Thursday.
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