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Tuesday 3/14 Insider Buying Report: CFR, SOFI

BusinessMarketsTuesday 3/14 Insider Buying Report: CFR, SOFI
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As the saying goes, there are many possible reasons for an insider to sell a stock, but only one to buy — they expect to make money. So lets look at two noteworthy recent insider buys.

On Monday, Phillip D. Green, CEO of Cullen/Frost Bankers, bought $1.01M of CFR, buying 9,500 shares at a price of $106.59 a piece. Green was up nearly 8.4% at the high point of today’s trading session, CFR trading with a high of $115.50 in Tuesday’s trading. Cullen/Frost Bankers is trading up about 10.7% on Tuesday. The purchase is the first filed by Greene in the past year.

And on Friday, Chief Executive Officer Anthony Noto bought SoFi Technologies worth $995,094, buying 180,000 shares at $5.53 each. Prior to this latest purchase, Noto bought SOFI 16 other times during the last twelve months, investing a total of $10.29M at an average of $4.93 per share. SoFi Technologies is trading up about 3.1% on Tuesday. NOTO was up about 3.8% on buying at the high point of today’s trading session, with SOFI trading at a high of $5.74 at last check today.

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Video: Tuesday 3/14 Insider Buying Report: CFR, SOFI

The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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