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 NIKE, Inc (NYSE:NKE), a filing with the SEC revealed that on Tuesday, Director John C. Lechleiter bought 500 shares of NKE, at a cost of $108.41 each, for a total investment of $54,205. Investors can grab NKE at a price even lower than Lechleiter did, with the stock changing hands as low as $106.30 at last check today which is 1.9% under Lechleiter's purchase price. NIKE, Inc is trading off about 0.4% on the day Thursday.
And on Monday, CEO Michael R. Starzer purchased $20,249 worth of Bonanza Creek Energy, Inc. (NYSE:BCEI), purchasing 1,000 shares at a cost of $20.25 a piece. Before this latest buy, Starzer purchased BCEI on 2 other occasions during the past twelve months, for a total cost of $70,860 at an average of $14.17 per share. Bonanza Creek Energy, Inc. is trading off about 3% on the day Thursday. Starzer was up about 4.7% on the buy at the high point of today's trading session, with BCEI trading as high as $21.21 at last check today.
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