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 Triumph Group Inc. (NYSE:TGI), a filing with the SEC revealed that on Friday, Director John G. Drosdick purchased 5,000 shares of TGI, at a cost of $64.26 each, for a total investment of $321,312. Triumph Group Inc. is trading up about 1.1% on the day Tuesday.
And also on Friday, CEO Daniel J. Hanrahan bought $162,443 worth of Regis Corp. (NYSE:RGS), buying 10,000 shares at a cost of $16.24 each. This purchase marks the first one filed by Hanrahan in the past year. Regis Corp. is trading up about 2.4% on the day Tuesday.
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