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 one noteworthy recent insider buy.
At CyrusOne Inc (NASDAQ:CONE), a filing with the SEC revealed that on Thursday, Director David H. Ferdman purchased 42,000 shares of CONE, for a cost of $19.00 each, for a total investment of $798,000. Ferdman was up about 12.9% on the buy at the high point of today's trading session, with CONE trading as high as $21.45 at last check today. CyrusOne Inc is trading off about 0.7% on the day Tuesday. This buy marks the first one filed by Ferdman in the past twelve months.
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