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 one noteworthy recent insider buy.
At National American University Holdings Inc. (NASDAQ:NAUH), a filing with the SEC revealed that on Friday, CEO Ronald L. Shape purchased 10,000 shares of NAUH, for a cost of $4.31 each, for a total investment of $43,149. So far Shape is in the green, up about 7.8% on their buy based on today's trading high of $4.65. National American University Holdings Inc. is trading down about 2.5% on the day Wednesday. Before this latest buy, Shape purchased NAUH on 19 other occasions during the past year, for a total investment of $61,857 at an average of $6.39 per share.
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