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 Wednesday, DATAWATCH Corp. (NASDAQ:DWCH)'s Director, David Mahoney, made a $60,665 buy of DWCH, purchasing 5,000 shares at a cost of $12.13 each. DATAWATCH Corp. is trading off about 5.3% on the day Monday. Before this latest buy, Mahoney purchased DWCH at 5 other times during the past twelve months, for a total investment of $408,317 at an average of $13.59 per share.
And at NewBridge Bancorp (NASDAQ:NBBC), there was insider buying on Friday, by Director Kenan C. Wright who purchased 7,950 shares for a cost of $5.69 each, for a total investment of $45,240. Before this latest buy, Wright purchased NBBC on 2 other occasions during the past twelve months, for a total investment of $2,704 at an average of $4.53 per share. NewBridge Bancorp is trading off about 1.8% on the day Monday. So far Wright is in the green, up about 6.1% on their purchase based on today's trading high of $6.04.
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