The 25 Biggest Insider Purchases in October

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12. IBM Common Stock (NYSE:IBM)

Who Bought Shares: Director Sidney Taurel

How Many Shares Were Bought: 4,311 @ $115.02 per share

Date of the Transaction(s): October 31

In three transactions made on Halloween, the IBM Common Stock (NYSE:IBM) director bought a total of 4,311 shares of the company, lifting his stake to 23,798 shares. IBM endured a brutal October, starting the month at an even $153 per share and ending it at just $115.43, a 5-year low for the stock. IBM raised eyebrows at the end of October when it paid a 60% premium to buy Red Hat Inc (NYSE:RHT) for $34 billion, a move that will saddle the tech giant with piles of debt, but which will also provide a much-needed boost to its cloud endeavors.

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