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 Thursday, Alpine Total Dynamic Divid F (NYSE:AOD)'s Executive Vice President, Stephen A. Lieber, made a $601,500 purchase of AOD, buying 150,000 shares at a cost of $4.01 each. Bargain hunters have the opportunity to pick up AOD at a price even lower than Lieber did, with shares trading as low as $3.96 at last check today -- that's 1.2% under Lieber's purchase price. Alpine Total Dynamic Divid F is trading up about 0.8% on the day Tuesday. This buy marks the first one filed by Lieber in the past year.
And at Arrow Financial Corp. (NASDAQ:AROW), there was insider buying on Friday, by Director Thomas L. Hoy who purchased 5,000 shares at a cost of $23.89 each, for a total investment of $119,450. This buy marks the first one filed by Hoy in the past twelve months. Arrow Financial Corp. is trading up about 0.1% on the day Tuesday. Hoy was up about 2.3% on the purchase at the high point of today's trading session, with AROW trading as high as $24.43 at last check today.
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