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 Tuesday, BancorpSouth Inc. (NYSE:BXS)'s Chief Executive Officer, James D. Rollins III, made a $834,417 purchase of BXS, buying 57,100 shares at a cost of $14.61 each. So far Rollins III is in the green, up about 4.0% on their purchase based on today's trading high of $15.20. BancorpSouth Inc. is trading up about 1.1% on the day Thursday. This buy marks the first one filed by Rollins III in the past year.
And at TASER International Inc. (TASR), there was insider buying on Monday, by Director Hadi Partovi who bought 50,000 shares at a cost of $7.10 each, for a total investment of $354,925. Before this latest buy, Partovi made one other buy in the past year, purchasing $91,800 shares for a cost of $4.59 a piece. TASER International Inc. is trading up about 4.3% on the day Thursday. So far Partovi is in the green, up about 3.5% on their purchase based on today's trading high of $7.35.
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