A Kaman Insider Bets on Further Growth

At the beginning of March, Kaman (KAMN) CEO Neal Keating purchased 2,000 shares of stock at a price of about $35. Now a Form 4 filed with the Securities and Exchange Commission has disclosed that he has bought another 2,000 shares at an average price of $35.11.

Insider purchases are sometimes considered bullish signals, because insiders have an economic incentive to avoid becoming too exposed to company-specific risks and should prefer diversify; studies generally show a modest outperformance effect for insider purchases. Our database of insider trading filings shows that Keating had last bought shares in mid-2012, in two transactions a couple of weeks apart, at $31 and then $29 per share....484 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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