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.
At H&E Equipment Services Inc (NASDAQ:HEES), a filing with the SEC revealed that on Wednesday, Director Paul Arnold bought 10,000 shares of HEES, at a cost of $18.68 each, for a total investment of $186,764. Investors have the opportunity to buy HEES even cheaper than Arnold did, with the stock trading as low as $18.12 in trading on Friday which is 3.0% under Arnold's purchase price. H&E Equipment Services Inc is trading up about 1% on the day Friday. This buy marks the first one filed by Arnold in the past year.
And on Tuesday, Director John Edmondson bought $117,900 worth of Cabelas Inc (CAB), buying 2,500 shares at a cost of $47.16 each. This buy marks the first one filed by Edmondson in the past year. Cabelas Inc is trading up about 1% on the day Friday.
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