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 West Pharmaceutical Services (NYSE:WST), a filing with the SEC revealed that on Thursday, Chief Executive Officer Eric Mark Green purchased 18,300 shares of WST, at a cost of $54.89 each, for a total investment of $1.00M. West Pharmaceutical Services is trading up about 1.6% on the day Friday.
And on Wednesday, Director Dean A. Scarborough purchased $472,328 worth of Mattel (NASDAQ:MAT), purchasing 18,400 shares at a cost of $25.67 each. Mattel is trading up about 0.8% on the day Friday. So far Scarborough is in the green, up about 3.1% on their buy based on today's trading high of $26.47.
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