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, Duff & Phelps Global Utility Incorporated (NYSE:DPG)'s Director, Carl F. Pollard, made a $87,846 buy of DPG, purchasing 5,000 shares at a cost of $17.57 each. Bargain hunters can snag DPG even cheaper than Pollard did, with shares trading as low as $17.30 at last check today -- that's 1.5% under Pollard's purchase price. Duff & Phelps Global Utility Incorporated is trading up about 0.2% on the day Wednesday.
And on Monday, Director Cary D. McMillan bought $56,894 worth of McDonald's Corp (NYSE:MCD), buying 650 shares at a cost of $87.53 a piece. McDonald's Corp is trading up about 1.2% on the day Wednesday.
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