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, Computer Programs & Systems Inc (NASDAQ:CPSI)'s CEO, John B. Douglas Jr., made a $194,381 purchase of CPSI, buying 4,100 shares at a cost of $47.41 a piece. So far Douglas Jr. is in the green, up about 3.8% on their purchase based on today's trading high of $49.23. Computer Programs & Systems Inc is trading up about 1.9% on the day Thursday. Before this latest buy, Douglas Jr. made one other buy in the past twelve months, purchasing $199,584 shares for a cost of $55.44 each.
And also on Tuesday, General Counsel and Corporate Secretary Richard D. Horn purchased $99,994 worth of Washingtonfirst Bankshares Incorporated (NASDAQ:WFBI), purchasing 8,849 shares at a cost of $11.30 each. Washingtonfirst Bankshares Incorporated is trading up about 3.5% on the day Thursday. So far Horn is in the green, up about 4.4% on their purchase based on today's trading high of $11.80.
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