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 CVR Refining Limited Partnership (NYSE:CVRR), a filing with the SEC revealed that on Thursday, Director Keith Cozza purchased 10,000 shares of CVRR, at a cost of $25.00 each, for a total investment of $250,000. Cvr Refining Limited Partnership is trading up about 0.4% on the day Tuesday. This buy marks the first one filed by Cozza in the past year.
And at USA Compression Partners, LP (NYSE:USAC), there was insider buying on Friday, by Eric D. Long who purchased 12,500 shares for a cost of $18.00 each, for a total investment of $225,000. This buy marks the first one filed by Long in the past year. USA Compression Partners, LP is trading off about 0.4% on the day Tuesday. Investors can snag USAC even cheaper than Long did, with shares trading as low as $17.30 in trading on Tuesday -- that's 3.9% below Long's purchase price.
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