Market Overview

Insider Buy: Hasbro (HAS)

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When an insider buys stock, there is only one purpose in it: to make money. Insiders sell for all kinds of reasons, and while locking in gains is one of them, it is not the only one.

When a CEO makes a buy, investors should stand up and notice, and this happened at Hasbro (NASDAQ: HAS) last week.

CEO Brian Goldner purchased 10,000 shares at a price of $44.85 on Thursday according to FinViz.

Perhaps Goldner knows something about the success of the company's movie properties this year, such as Transformers, Captain America, and their contribution to the company's earnings for the latter part of 2011.

Only time will tell, but investors should always pay attention when a CEO makes a purchase.

At last check, shares of Hasbro were up 45 cents to $45.00, a gain of 1%.

Hasbro, Inc. engages in the design, manufacture, and marketing of games and toys. The company principally provides children's and family leisure time and entertainment products and services.

Posted-In: Brian GoldnerLong Ideas News Management Trading Ideas

 

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