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 American Capital Agency Corp (NASDAQ:AGNC), a filing with the SEC revealed that on Monday, CEO Malon Wilkus bought 15,500 shares of AGNC, at a cost of $32.34 each, for a total investment of $501,305. Wilkus was up about 1.0% on the buy at the high point of today's trading session, with AGNC trading as high as $32.68 at last check today. American Capital Agency Corp is trading down about 0.7% on the day Thursday. Before this latest buy, Wilkus made one other purchase in the past twelve months, buying $300,390 shares at a cost of $31.62 each.
And at Accuray Inc (NASDAQ:ARAY), there was insider buying on Wednesday, by CEO Joshua Levine who purchased 100,000 shares at a cost of $4.38 each, for a trade totaling $437,890. This purchase marks the first one filed by Levine in the past year. Accuray Inc is trading up about 1.8% on the day Thursday.
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