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.
On Monday, Amyris, Inc. (NASDAQ:AMRS)'s Director, Thani Sheikh Abdullah Bin Khalifa Al, made a $10M purchase of AMRS, buying 3,355,704 shares at a cost of $2.98 a piece. Bargain hunters can bag AMRS even cheaper than Al did, with shares changing hands as low as $2.62 at last check today -- that's 12.1% below Al's purchase price. Amyris, Inc. is trading up about 0.8% on the day Friday.
And also on Monday, Chief Executive Officer J. Michael Stice purchased $302,400 worth of Access Midstream Partners LP (ACMP), purchasing 9,000 shares at a cost of $33.60 each. This buy marks the first one filed by Stice in the past year. Access Midstream Partners LP is trading down about 1.2% on the day Friday. Investors can bag ACMP even cheaper than Stice did, with shares changing hands as low as $32.37 at last check today which is 3.7% under Stice's purchase price.
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