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 Wednesday, Dynex Capital, Inc. (NYSE:DX)'s Director, James C. Wheat III, made a $186,271 buy of DX, purchasing 20,000 shares at a cost of $9.31 a piece. Dynex Capital, Inc. is trading up about 1.6% on the day Monday. Before this latest buy, Wheat III made one other buy in the past twelve months, purchasing $89,630 shares at a cost of $8.96 each.
And at CME Group (NASDAQ:CME), there was insider buying on Wednesday, by Director Larry G. Gerdes who purchased 400 shares for a cost of $275.35 each, for a trade totaling $110,140. Before this latest buy, Gerdes made one other buy in the past twelve months, purchasing $83,311 shares at a cost of $270.49 a piece. CME Group is trading off about 0.2% on the day Monday. Gerdes was up about 5.5% on the buy at the high point of today's trading session, with CME trading as high as $290.41 at last check today.
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