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 Limited Brands Inc. (LTD), a filing with the SEC revealed that on Tuesday, Director Michael G. Morris bought 10,110 shares of LTD, at a cost of $49.43 each, for a total investment of $499,737. Morris was up about 3.3% on the buy at the high point of today's trading session, with LTD trading as high as $51.04 in trading on Thursday. Limited Brands Inc. is trading up about 0.1% on the day Thursday. This purchase marks the first one filed by Morris in the past twelve months.
And at Extreme Networks, Inc. (NASDAQ:EXTR), there was insider buying on Monday, by Director Edward Terino who bought 100,000 shares at a cost of $3.38 each, for a trade totaling $338,110. Extreme Networks, Inc. is trading up about 0.3% on the day Thursday. So far Terino is in the green, up about 7.1% on their buy based on today's trading high of $3.62.
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