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 Tuesday, American Realty Capital Trust (NASDAQ:ARCT)'s CEO, William M. Kahane, made a $110,979 purchase of ARCT, buying 10,000 shares at a cost of $11.10 a piece. Investors are able to snag ARCT at a price even lower than Kahane did, with shares changing hands as low as $10.94 at last check today which is 1.4% under Kahane's purchase price. American Realty Capital Trust IN is trading off about 0.6% on the day Wednesday. This purchase marks the first one filed by Kahane in the past year.
And also on Tuesday, Director Gary W. Pace purchased $97,500 worth of Pacira Pharmaceuticals Inc. (NASDAQ:PCRX), purchasing 10,000 shares at a cost of $9.75 each. Before this latest buy, Pace made one other purchase in the past twelve months, buying $49,998 shares for a cost of $6.50 each. Pacira Pharmaceuticals Inc. is trading up about 0.8% on the day Wednesday. So far Pace is in the green, up about 3.6% on their buy based on today's trading high of $10.10.
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