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 Friday, Coca-Cola Co (NYSE:KO)'s Director, Evan G. Greenberg, made a $499,400 purchase of KO, buying 6,507 shares at a cost of $76.75 each. Coca-Cola Co is trading up about 0.3% on the day Wednesday. Before this latest buy, Greenberg made one other purchase in the past year, buying $249,688 shares at a cost of $68.86 a piece.
And at Gannett Co Inc (NYSE:GCI), there was insider buying on Tuesday, by Director Duncan M. McFarland who purchased 20,000 shares at a cost of $14.09 each, for a trade totaling $281,716. Before this latest buy, McFarland made one other purchase in the past year, buying $232,650 shares for a cost of $15.51 each. Gannett Co Inc is trading up about 0.9% on the day Wednesday.
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