Insider buying is often viewed as a bullish sign for a stock, since company executives, board members, and major stakeholders are often considered to have better-than-average insight into a company's financial outlook. So, when insiders buy shares - especially in large amounts - it's worth paying attention for potential buying opportunities.
That said, one well-known Dividend Aristocrat just scored a massive investment from one of its own board members, despite some significant volatility on the charts in recent months. Here's a look at this $26.5 million insider buy.
