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Huge Carl Icahn Purchase Highlights Insider Buying: Cheniere Energy, FireEye, Seattle Genetics, Costco and More

While this week proved to be a rough one for investors, it brought the insiders rushing to the buy desk, as the insider purchases jumped dramatically this week. With just six trading weeks remaining in 2015, and a dip in the market providing better purchase points, the volume was about the highest we have seen this fall.

We cover insider buying every 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 still remains a positive indicator.

Here are some of the companies that reported notable insider buying this past week.

Cheniere Energy Inc. (NYSE: LNG) had a Wall Street legend purchasing more stock last week. Activist investor Carl Icahn bought an additional 1 million shares of the company at prices that ranged from $45.17 to $45.97 per share. The total for the buy came to $45.5 million. Cheniere engages in the liquefied natural gas (LNG) related business. The...


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