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 Monday, Triumph Group Inc. (NYSE:TGI)'s Director, John G. Drosdick, made a $346,048 purchase of TGI, buying 5,000 shares at a cost of $69.21 a piece. Triumph Group Inc. is trading up about 0.5% on the day Tuesday. Before this latest buy, Drosdick made one other buy in the past year, purchasing $321,312 shares for a cost of $64.26 a piece.
And on Thursday, Director Brigitte Smith purchased $200,000 worth of Kalobios Pharmaceuticals Incorporated (NASDAQ:KBIO), purchasing 25,000 shares at a cost of $8.00 each. This buy marks the first one filed by Smith in the past twelve months. Kalobios Pharmaceuticals Incorporated is trading trading flat on the day Tuesday. Investors can buy KBIO even cheaper than Smith did, with the stock trading as low as $7.90 in trading on Tuesday -- that's 1.2% below Smith's purchase price.
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