Alcoa: A 12.8% Better Bargain Than When Sorrell Bought

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on April 16, Alcoa, Inc.'s Director, Martin Sorrell, invested $18,197.07 into 1,848 shares of AA, for a cost per share of $9.85. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy... full story