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 magicJack VocalTec (NASDAQ:CALL), a filing with the SEC revealed that on Friday, Director Gerald T. Vento bought 22,000 shares of CALL, at a cost of $23.07 each, for a total investment of $507,602. Vento was up about 9.7% on the buy at the high point of today's trading session, with CALL trading as high as $25.30 in trading on Tuesday. magicJack VocalTec Ltd is trading up about 2.5% on the day Tuesday. This buy marks the first one filed by Vento in the past twelve months.
And at Bank Of South Carolina (NASDAQ:BKSC), there was insider buying on Monday, by Secretary Richard W. Hutson Jr. who bought 4,300 shares at a cost of $11.39 each, for a trade totaling $48,994. Bank Of South Carolina Corp. is trading up about 3% on the day Tuesday. So far Hutson Jr. is in the green, up about 3.2% on their buy based on today's trading high of $11.76.
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