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 Thursday, Inphi Corp (NYSE:IPHI)'s Director, Sam Srinivasan, made a $92,700 purchase of IPHI, buying 10,000 shares at a cost of $9.27 a piece. So far Srinivasan is in the green, up about 7.9% on their buy based on today's trading high of $10.01. Inphi Corp is trading up about 0.5% on the day Tuesday. Before this latest buy, Srinivasan made one other buy in the past year, purchasing $157,000 shares for a cost of $7.85 a piece.
And at NetSol Technologies Inc (NASDAQ:NTWK), there was insider buying on Tuesday, by Chairman, CEO Najeeb Ghauri who purchased 10,000 shares at a cost of $9.20 each, for a trade totaling $92,000. Before this latest buy, Ghauri bought NTWK at 6 other times during the past twelve months, for a total cost of $223,230 at an average of $0.83 per share. NetSol Technologies Inc is trading up about 1.4% on the day Tuesday. Ghauri was up about 8.4% on the buy at the high point of today's trading session, with NTWK trading as high as $9.97 in trading on Tuesday.
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