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 Dollar General (NYSE:DG), a filing with the SEC revealed that on Thursday, Director Patricia Filikrushel bought 2,500 shares of DG, at a cost of $48.30 each, for a total investment of $120,757. Bargain hunters are able to buy DG at a price even lower than Filikrushel did, with the stock trading as low as $47.10 at last check today -- that's 2.5% under Filikrushel's purchase price. Dollar General Corp is trading down about 0.1% on the day Monday.
And at Neogen (NASDAQ:NEOG), there was insider buying on Thursday, by Director A. Charles Fischer who bought 1,000 shares at a cost of $42.49 each, for a total investment of $42,490. Before this latest buy, Fischer made one other purchase in the past year, buying $30,910 shares for a cost of $30.91 each. Neogen Corp. is trading up about 2.1% on the day Monday. Bargain hunters have the opportunity to grab NEOG at a price even lower than Fischer did, with the stock changing hands as low as $41.25 in trading on Monday which is 2.9% below Fischer's purchase price.
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