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, Cafepress Incorporated (NASDAQ:PRSS)'s Director, Brad W. Buss, made a $190,000 buy of PRSS, purchasing 10,000 shares at a cost of $19.00 each. Investors are able to buy PRSS at a price even lower than Buss did, with the stock changing hands as low as $18.00 in trading on Wednesday -- that's 5.3% below Buss's purchase price. Cafepress Incorporated is trading off about 2.3% on the day Wednesday.
And on Friday, CEO Luke E. Sims purchased $67,234 worth of Eagle Capital Growth Fund Incorporated (AMEX:GRF), purchasing 10,000 shares at a cost of $6.72 each. Before this latest buy, Sims purchased GRF at 2 other times during the past twelve months, for a total cost of $61,555 at an average of $6.33 per share. Eagle Capital Growth Fund Incorporated is trading up about 0.7% on the day Wednesday. Sims was up about 4.0% on the buy at the high point of today's trading session, with GRF trading as high as $6.99 at last check today.
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