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 Chesapeake Lodging Trust (NYSE:CHSP), a filing with the SEC revealed that on Tuesday, Director George McKenzie purchased 1,500 shares of CHSP, at a cost of $18.50 each, for a total investment of almost $28,000. So far McKenzie is in the green, up about 10.5% on his purchase based on today's trading high of $20.45. Before this latest buy, McKenzie made one other buy in the past year, purchasing just over$23,000 worth of shares for a cost of $18.42 a piece.
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