As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.
So let's look at two noteworthy recent insider buys.
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.
So let's look at two noteworthy recent insider buys.
At Flexsteel Industries, a filing with the SEC revealed that on Thursday, COO Derek P.
Schmidt bought 35,506 shares of FLXS, for a cost of $11.78 each, for a total investment of $418,346.
So far Schmidt is in the green, up about 13.8% on their purchase based on today's trading high of $13.41.
Flexsteel Industries is trading up about 2.5% on the day Monday.
Before this latest buy, Schmidt bought FLXS on 2 other occasions during the past twelve months, for a total cost of $140,018 at an average of $9.39 per share.
And at TransDigm Group, there was insider buying on Friday, by Director Michael Graff who bought 618 shares at a cost of $448.07 each, for a trade totaling $276,907.
TransDigm Group is trading up about 2.5% on the day Monday.
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to..
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to..
