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 Southwest Bancorp, Inc. (NASDAQ:OKSB), a filing with the SEC revealed that on Wednesday, Director Marran H. Ogilvie purchased 9,294 shares of OKSB, for a cost of $11.08 each, for a total investment of $102,984. Southwest Bancorp, Inc. is trading up about 0.5% on the day Friday. Before this latest buy, Ogilvie bought OKSB on 2 other occasions during the past twelve months, for a total cost of $81,028 at an average of $11.10 per share.
And on Monday, Director David Pace bought $99,956 worth of Jamba Inc (NASDAQ:JMBA), buying 40,000 shares at a cost of $2.50 each. Jamba Inc is trading up about 0.4% on the day Friday.
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