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 Friday, Stoneridge Inc. (NYSE:SRI)'s Director, Jeffrey P. Draime, made a $199,432 purchase of SRI, buying 20,000 shares at a cost of $9.97 a piece. Stoneridge Inc. is trading up about 0.1% on the day Wednesday.
And at Time Warner Inc (NYSE:TWX), there was insider buying on Friday, by Director William P. Barr who purchased 2,624 shares for a cost of $37.93 each, for a trade totaling $99,540. Time Warner Inc is trading off about 0.1% on the day Wednesday. Investors have the opportunity to snag TWX even cheaper than Barr did, with the stock trading as low as $37.43 in trading on Wednesday -- that's 1.3% below Barr's purchase price.
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