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, Versant Corp. (VSNT)'s CEO, Bernhard Woebker, made a $27,150 buy of VSNT, purchasing 2,799 shares at a cost of $9.70 a piece. Versant Corp. is trading down about 1% on the day Thursday. Before this latest buy, Woebker made one other purchase in the past twelve months, buying $47,500 shares at a cost of $9.50 each.
And at Lexmark International, Inc. (NYSE:LXK), there was insider buying on Monday, by Director Stephen R. Hardis who purchased 896 shares at a cost of $26.44 each, for a total investment of $23,690. Before this latest buy, Hardis purchased LXK on 3 other occasions during the past year, for a total cost of $77,232 at an average of $31.26 per share. Lexmark International, Inc. is trading off about 1.2% on the day Thursday. So far Hardis is in the green, up about 4.8% on their buy based on today's trading high of $27.71.
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