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Warren Buffett (Trades, Portfolio)’s stake in his largest and much praised position, Wells Fargo & Co. (NYSE:WFC), inched up to 10% in March, an event drawing interest because it triggers a regulatory requirement for special disclosure and because it highlights an overlooked increase he made last year.

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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

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In early trading on Wednesday, shares of Apple (AAPL) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.2%. Year to date, Apple registers a 4.6% gain.

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It goes against human nature to jump into a stock that has already had such a furious run. Nonetheless, Gap still trades at big discounts to historical valuations: 13.1 vs. 14.2 five-year average on the price-earnings ratio; 0.8 vs. 1.0 on the price-sales ratio, 7.6 times cash flow versus 9.6 on average since 2012.

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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Twitter Inc (NYSE: TWTR), where a total of 79,647 contracts have traded so far, representing approximately 8.0 million underlying shares. That amounts to about 41.1% of TWTR's average daily trading volume over the past month of 19.4 million shares. Particularly high volume was seen for the $16 strike call option expiring April 01, 2016, with 10,787 contracts trading so far today, representing approximately 1.1 million underlying shares of TWTR. Below is a chart showing TWTR's trailing twelve month trading history, with the $16 strike highlighted in orange:

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Legendary investor Peter Lynch was fond of saying that corporate insiders may sell their company’s shares for a variety of reasons. But there’s only one reason they buy – and that’s because they think the price is going up.

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During the spring of 2008, I often attended press conferences with Lord Mervyn King, who at the time was governor of the Bank of England. It was an exciting time. Northern Rock had just collapsed, but Lehman Brothers was alive and kicking. The global financial crisis was by many seen as an isolated housing and banking crisis. No one knew the magnitude of the turmoil that was waiting around the corner.

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Investors in D.R. Horton Inc. (NYSE: DHI) saw new options begin trading today, for the May 13th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DHI options chain for the new May 13th contracts and identified one put and one call contract of particular interest.

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On Wednesday evening, TerraForm Power announced that recently installed CEO Brian Wuebbels would resign, paving the way for a committee of SunEdison board members to run both outfits.

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