Third-quarter earnings are in full swing on Wall Street, and while many companies have shut insider trading windows for the near term, some are still wide open for executives and 10% owners to do transactions. This coming week will be another blitz of earnings reports, but then things should start to slow down, and insider activity could pick back up.
We cover insider buying each week at 24/7 Wall St., and we like to remind readers that while insider buying is usually a very positive sign, it is not in of itself a reason to run out and buy a stock. Sometimes insiders and 10% owners have stock purchase plans set up at intervals to add to their holdings. That aside, it remains an overall positive indicator.
Here are some of the companies that reported notable insider buying last week.
A well-known investor was buying Lands’ End Inc. (NASDAQ: LE) shares last week. Edward Lampert has been acquiring shares of the retailer at a furious pace, and last week was no exception. He bought a total of 144,298 shares of the company at prices that ranged from $14.78 to $14.98. The total for the trade was posted at $2 million.
The company operates as a multi-channel retailer through two segments: Direct and Retail. It offers casual clothing, accessories, footwear and home...