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 Archer Daniels Midland Co. (NYSE:ADM), a filing with the SEC revealed that on Thursday, COO Juan R. Luciano bought 3,932 shares of ADM, for a cost of $25.43 each, for a total investment of $99,983. So far Luciano is in the green, up about 1.8% on their purchase based on today's trading high of $25.88. Archer Daniels Midland Co. is trading up about 0.8% on the day Tuesday. Before this latest buy, Luciano made one other purchase in the past year, buying $100,375 shares at a cost of $27.50 a piece.
And also on Thursday, Director William Jennings Kacal bought $98,883 worth of US Silica Holdings, Inc. (NYSE:SLCA), buying 10,000 shares at a cost of $9.89 each. Before this latest buy, Kacal purchased SLCA on 2 other occasions during the past twelve months, for a total cost of $281,944 at an average of $15.66 per share. US Silica Holdings, Inc. is trading up about 2.4% on the day Tuesday. Kacal was up about 10.6% on the buy at the high point of today's trading session, with SLCA trading as high as $10.94 at last check today.
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