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 Vocera Communications Incorporated (NYSE:VCRA), a filing with the SEC revealed that on Monday, Chief Financial Officer William Zerella bought 10,000 shares of VCRA, for a cost of $16.00 each, for a total investment of $160,000. So far Zerella is in the green, up about 34.9% on their purchase based on today's trading high of $21.59. Vocera Communications Incorporated is trading up about 1.3% on the day Thursday. This buy marks the first one filed by Zerella in the past twelve months.
And at Xylem Inc. (NYSE:XYL), there was insider buying on Monday, by SVP, and President, Analytics Christopher R. McIntire who bought 3,529 shares for a cost of $28.28 each, for a trade totaling $99,788. This purchase marks the first one filed by McIntire in the past twelve months. Xylem Inc. is trading up about 0.6% on the day Thursday. Bargain hunters have the opportunity to pick up XYL even cheaper than McIntire did, with shares changing hands as low as $27.75 in trading on Thursday which is 1.9% under McIntire's purchase price.
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