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 Gannett Co Inc (NYSE:GCI), a filing with the SEC revealed that on Wednesday, Director Duncan M. McFarland bought 20,000 shares of GCI, at a cost of $12.94 each, for a total investment of $258,820. Gannett Co Inc is trading up about 0.1% on the day Thursday. Before this latest buy, McFarland bought GCI on 2 other occasions during the past year, for a total cost of $514,366 at an average of $14.70 per share.
And at Power One Inc (NASDAQ:PWER), there was insider buying on Tuesday, by President, Power Solutions Steven D. Hogge who purchased 40,000 shares at a cost of $4.03 each, for a total investment of $161,252. Power One Inc is trading up about 4.9% on the day Thursday.
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