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.
On Wednesday, Vonage Holdings' Chief Executive Officer, Rory P.
Read, made a $201,752 purchase of VG, buying 17,870 shares at a cost of $11.29 a piece.
Read was up about 1.6% on the buy at the high point of today's trading session, with VG trading as high as $11.47 in trading on Monday.
Vonage Holdings is trading up about 0.7% on the day Monday.
Before this latest buy, Read bought VG at 2 other times during the past year, for a total cost of $402,027 at an average of $11.55 per share.
And at Gannett, there was insider buying on Wednesday, by Director Laurence Tarica who purchased 74,559 shares for a cost of $1.64 each, for a total investment of $122,277.
Gannett is trading off about 1.9% on the day Monday.
Tarica was up about 17.1% on the purchase at the high point of today's trading session, with GCI trading as high as $1.92 in trading on 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..
