Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At AngioDynamics Inc (NASDAQ:ANGO), a filing with the SEC revealed that on Friday, Director Kevin J. Gould bought 2,700 shares of ANGO, at a cost of $11.58 each, for a total investment of $31,277. AngioDynamics Inc is trading up about 1.3% on the day Monday. Before this latest buy, Gould made one other purchase in the past year, buying $31,636 shares at a cost of $11.72 each.
And at Guidewire Software Inc (NYSE:GWRE), there was insider buying on Wednesday, by Director John Paul Cavoores who bought 1,000 shares for a cost of $31.06 each, for a trade totaling $31,064. Guidewire Software Inc is trading up about 0.2% on the day Monday. Cavoores was up about 3.8% on the purchase at the high point of today's trading session, with GWRE trading as high as $32.24 in trading on Monday.
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