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 Swift Energy Company (NYSE:SFY), a filing with the SEC revealed that on Wednesday, CEO Terry E. Swift bought 25,000 shares of SFY, at a cost of $14.66 each, for a total investment of $366,545. Swift Energy Company is trading up about 2.3% on the day Friday.
And also on Wednesday, Chief Executive Officer Jay Grinney purchased $248,046 worth of HealthSouth Corp. (NYSE:HLS), purchasing 11,300 shares at a cost of $21.95 a piece. HealthSouth Corp. is trading up about 3.4% on the day Friday.
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