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Big Trade in Wynn Resorts Highlights Recent Insider Buying

As the earnings landslide continued this past week, a nice rally in the markets has lifted spirits on Wall Street as all the indexes fight to get back in the black for 2015. As usual, with the earnings onslaught in full effect, many companies have closed the window for insiders to buy or sell stock during the reporting period.

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 remains a positive indicator.

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

Wynn Resorts Ltd. (NASDAQ: WYNN) has taken a shot to the stock price on very poor Macau revenues, and a director at the company took advantage of the price dip to buy shares last week. That director bought a total of 40,000 shares of the stock at...


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