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 Verint Systems (NASDAQ:VRNT), a filing with the SEC revealed that on Wednesday, Director Earl Shanks purchased 3,500 shares of VRNT, for a cost of $27.64 each, for a total investment of just under $100,000. Verint Systems is trading up about 0.4% on the day Monday.
And also on Wednesday, Director Richard Berke purchased $68,000 worth of Hain Celestial Group (NASDAQ:HAIN), buying 1,000 shares at a cost of $68.02 each. Hain Celestial Group is trading up about 0.2% on the day Monday. Investors can pick up HAIN even cheaper than Berke did, with shares changing hands as low as $64.80 in trading on Monday -- that's 4.7% below Berke's purchase price.
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