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 Thursday, Rosetta Stone, Inc. (NYSE:RST)'s Director, Patrick W. Gross, made a $419,200 purchase of RST, buying 30,000 shares at a cost of $13.97 a piece. Rosetta Stone, Inc. is trading up about 2.6% on the day Monday.
And also on Thursday, President Edward J. Goldthorpe bought $155,000 worth of Apollo Investment Corporation (NASDAQ:AINV), buying 20,000 shares at a cost of $7.75 a piece. This purchase marks the first one filed by Goldthorpe in the past twelve months. Apollo Investment Corporation is trading up about 0.5% on the day Monday. Bargain hunters can buy AINV at a price even lower than Goldthorpe did, with the stock changing hands as low as $7.60 at last check today -- that's 1.9% under Goldthorpe's purchase price.
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