As the saying goes, there are many possible reasons for an insider to sell as tock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At Southwest Bancorp, Inc. (NASDAQ:OKSB), a filing with the SEC revealed that onMonday, CEO Rick Green bought 8,500 shares of OKSB, at a cost of $7.95 each, for a total investment of $67,610. Green was up about 6.3% on the purchase at the high point of today's trading session, with OKSB trading as high as $8.46 at last check today. Southwest Bancorp, Inc. is trading up about2.7% on the day Tuesday. Before this latest buy, Green bought OKSB on 6 other occasions during the past year, for a total investment of $112,245 at an average of $6.41 per share.
And at Bank of America Corp. (NYSE:BAC), there was insider buying on Thursday, by Director Donald E. Powell who purchased 7,000 shares at a cost of $7.25 each, for a trade totaling $50,750. Bank of America Corp. is trading up about 1.2% on the day Tuesday. Investors can buy BAC at a price even lower than Powell did, with shares changing hands as low as $7.05 in trading on Tuesday which is 2.8% below Powell's purchase price.
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