Bargain hunters are monitoring recent insider buying activity, which indicates potential confidence in stock performance. On August 7, 2023, J. Lindsey Alley, CFO of Houlihan Lokey, purchased 4,020 shares of HLI at $124.52 each, totaling $500,570. Following the purchase, Alley is already benefiting from a 4.5% increase in stock value, with HLI trading at a high of $130.11.
On August 8, 2023, Daniel J. Castillo, EVP & GM of Wesco International, acquired 960 shares for $365.89 each, amounting to $351,254. This marks his second purchase in the past year, with his previous investment being $372,484 for shares at $266.06. As of today’s trading session, Castillo’s stock purchase reflects a 3.1% gain, with WCC reaching a high of $377.15.
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