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, ARMOUR Residential REIT Inc. (NYSE:ARR)'s Director, Daniel C. Staton, made a $329,900 purchase of ARR, buying 50,000 shares at a cost of $6.60 each. ARMOUR Residential REIT Inc. is trading off about 2.2% on the day Wednesday. This purchase marks the first one filed by Staton in the past twelve months.
And on Monday, Director Matthew Strobeck purchased $311,540 worth of Metabolix Inc (NASDAQ:MBLX), purchasing 100,000 shares at a cost of $3.12 each. This buy marks the first one filed by Strobeck in the past year. Metabolix Inc is trading up about 2.8% on the day Wednesday. Strobeck was up about 10.1% on the buy at the high point of today's trading session, with MBLX trading as high as $3.43 at last check today.
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