Beneficial owner Berkshire Hathaway Inc. (NYSE: BRK-B) has once again boosted its stake in Warren Buffett’s favorite media stock. But that is hardly the only notable insider buying in the past week or so. A biotech initial public offering prompted huge insider purchases, but another IPO also makes our list this week. And a couple of repeat buyers, including Mexican billionaire Carlos Slim, also stepped up again.
A well-known adage reminds us that corporate insiders and 10% owners really only buy shares of a company because they believe the stock price will rise and they want to profit from it. Thus, insider buying can be an encouraging signal for potential investors.
Here are some of the more notable insider purchases that were reported in the past week or so.
This post originally appeared at 24/7 Wall St.