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 Tuesday, Yum! Brands (NYSE:YUM)'s Director, Michael J. Cavanagh, made a $691,818 buy of YUM, purchasing 10,000 shares at a cost of $69.18 each. So far Cavanagh is in the green, up about 1.4% on their buy based on today's trading high of $70.14. Yum! Brands is trading up about 1.5% on the day Wednesday. This buy marks the first one filed by Cavanagh in the past year.
And at NGL Energy Partners (NYSE:NGL), there was insider buying on Friday, by Chief Executive Officer H. Michael Krimbill who purchased 20,000 shares at a cost of $23.04 each, for a trade totaling $460,724. Before this latest buy, Krimbill made one other purchase in the past twelve months, buying $633,128 shares for a cost of $31.66 each. NGL Energy Partners is trading up about 3.4% on the day Wednesday. So far Krimbill is in the green, up about 17.2% on their buy based on today's trading high of $27.00.
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