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 Leapfrog Enterprises Inc (LF), a filing with the SEC revealed that on Friday, Director Owen Randall Rissman bought 50,000 shares of LF, at a cost of $8.22 each, for a total investment of $411,202. Investors are able to grab LF even cheaper than Rissman did, with shares trading as low as $7.74 at last check today -- that's 5.9% under Rissman's purchase price. Leapfrog Enterprises Inc is trading up about 6% on the day Tuesday.
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