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 Peregrine Semiconductor Corporation (NASDAQ:PSMI), a filing with the SEC revealed that on Monday, Director Robert Pavey bought 200,000 shares of PSMI, at a cost of $14.00 each, for a total investment of $2.8M. So far Pavey is in the green, up about 16.8% on their purchase based on today's trading high of $16.35. Peregrine Semiconductor Corporation is trading up about 2.9% on the day Tuesday. This purchase marks the first one filed by Pavey in the past twelve months.
And on Friday, Director Frank S. Hermance purchased $1.06M worth of UGI Corp. (NYSE:UGI), purchasing 35,000 shares at a cost of $30.36 a piece. UGI Corp. is trading up about 1.3% on the day Tuesday. Hermance was up about 1.3% on the buy at the high point of today's trading session, with UGI trading as high as $30.74 at last check today.
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