It’s always a good idea to keep an eye on insider buying.
After all, as we’ve said a few times, they know their companies the best. And if they’re willing to put their money where their mouths are, look into the stock.
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Company: Verisign Inc. (SYM: VRSN) Warren Buffett’s Berkshire Hathaway just increased its stake in the VRSN stock. Most recently, the firm picked up about 377,736 shares for about $74 million in late December. The firm now owns more than 13 million shares of VRSN, which makes Berkshire the company’s largest shareholder. Plus, it looks like Buffett isn’t the only one willing to share in the optimism for this stock’s potential upside. Jim Simons’ Renaissance Technologies bought another 474,270 shares this month, as well. Nordea Investment Management also picked up an $81 million position in the VRSN stock just this month. Birch Capital Management also picked up another 3,996 shares. |
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Written by Ian Cooper
