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 Equity Premium and Growth Fund (NYSE:JPG), a filing with the SEC revealed that on Monday, William J. Schneider purchased 22,200 shares of JPG, for a cost of $13.33 each, for a total investment of $295,918. Equity Premium and Growth Fund is trading up about 0.5% on the day Thursday. Before this latest buy, Schneider made one other purchase in the past twelve months, buying $54,780 shares at a cost of $13.20 each.
And at Atossa Genetics Incorporated (NASDAQ:ATOS), there was insider buying on Tuesday, by Director H. Lawrence Remmel who purchased 4,000 shares for a cost of $4.12 each, for a total investment of $16,460. This purchase marks the first one filed by Remmel in the past year. Atossa Genetics Incorporated is trading up about 0.2% on the day Thursday. Remmel was up about 2.1% on the purchase at the high point of today's trading session, with ATOS trading as high as $4.20 in trading on Thursday.
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