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 Industrial Services of America Inc. (NASDAQ:IDSA), a filing with the SEC revealed that on Friday, Director David Treadway Russell purchased 22,605 shares of IDSA, for a cost of $4.97 each, for a total investment of $112,286. So far Russell is in the green, up about 3.9% on their buy based on today's trading high of $5.16. Industrial Services of America Inc. is trading off about 2.4% on the day Tuesday. This buy marks the first one filed by Russell in the past twelve months.
And on Thursday, Thomas D. Arthur purchased $106,929 worth of Pioneer Natural Resources (NYSE:PXD), purchasing 1,000 shares at a cost of $106.93 a piece. This buy marks the first one filed by Arthur in the past year. Pioneer Natural Resources Co is trading up about 0.7% on the day Tuesday.
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