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 Friday, Xcel Energy, Inc. (NYSE:XEL)'s Director, Timothy V. Wolf, made a $111,920 buy of XEL, purchasing 4,000 shares at a cost of $27.98 each. Xcel Energy, Inc. is trading down about 0.4% on the day Monday.
And at Southwest Bancorp, Inc. (NASDAQ:OKSB), there was insider buying on Monday, by Director Russell William Teubner who purchased 6,500 shares at a cost of $12.54 each, for a trade totaling $81,481. Before this latest buy, Teubner bought OKSB at 2 other times during the past year, for a total investment of $121,390 at an average of $11.04 per share. Southwest Bancorp, Inc. is trading down about 0.7% on the day Monday. So far Teubner is in the green, up about 2.3% on their buy based on today's trading high of $12.82.
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