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.
Thursday 6/17 Insider Buying Report: SAGE, CUBI
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 Sage Therapeutics, a filing with the SEC revealed that on Wednesday, Kevin P.
Starr bought 17,842 shares of SAGE, at a cost of $56.05 each, for a total investment of $999,983.
Sage Therapeutics is trading down about 0.3% on the day Thursday.
And at Customers Bancorp, there was insider buying on Monday, by Head of Corporate Development Samvir S.
Sidhu who bought 6,000 shares for a cost of $39.53 each, for a trade totaling $237,184.
Customers Bancorp is trading down about 4% on the day Thursday.