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 Two Harbors Investment Corp (NYSE:TWO), a filing with the SEC revealed that on Tuesday, CEO Thomas Siering purchased 8,200 shares of TWO, for a cost of $12.57 each, for a total investment of $103,074. Two Harbors Investment Corp is trading up about 0.3% on the day Friday.
And on Wednesday, Director Oliver G. Richard III bought $99,930 worth of American Electric Power Company, Inc. (NYSE:AEP), buying 2,195 shares at a cost of $45.53 each. American Electric Power Company, Inc. is trading up about 1.5% on the day Friday.
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