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 Monday, Cabelas Inc (CAB)'s Director, Reuben Mark, made a $1.09M buy of CAB, purchasing 30,000 shares at a cost of $36.37 a piece. Cabelas Inc is trading up about 3.1% on the day Tuesday. This purchase marks the first one filed by Mark in the past twelve months.
And at HMS Holdings Corp (NASDAQ:HMSY), there was insider buying on Friday, by Director William S. Mosakowski who bought 25,000 shares at a cost of $24.00 each, for a trade totaling $600,000. This purchase marks the first one filed by Mosakowski in the past twelve months. HMS Holdings Corp is trading off about 0.6% on the day Tuesday. Bargain hunters can buy HMSY at a price even lower than Mosakowski did, with the stock trading as low as $23.58 in trading on Tuesday which is 1.8% under Mosakowski's purchase price.
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