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.
Tuesday 9/8 Insider Buying Report: WEN, WLL
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 Thursday, Wendy's Director, Dennis M.
Kass, made a $125,283 buy of WEN, purchasing 5,850 shares at a cost of $21.42 a piece.
Wendy's is trading up about 1.7% on the day Tuesday.
Before this latest buy, Kass made one other buy in the past twelve months, purchasing $150,170 shares at a cost of $18.74 a piece.
And on Friday, Paul Korus bought $97,770 worth of Whiting Petroleum, buying 4,500 shares at a cost of $21.73 each.
This buy marks the first one filed by Korus in the past twelve months.
Whiting Petroleum is trading down about 6.1% on the day Tuesday.