A well-known adage reminds us that corporate insiders and 10% owners really only buy shares of a company because they believe the stock price will rise and they want to profit from it. Thus, insider buying can be an encouraging signal for potential investors.
Insider buying has been slow this month, as buy windows close ahead of the new earnings-reporting season. However, there have been some notable, large purchases nonetheless. Let’s take a quick look at these notable transactions of the past few weeks.
This post originally appeared at 24/7 Wall St.