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 one noteworthy recent insider buy.
On Monday, ServiceSource International, Inc. (NASDAQ:SREV)'s CEO & Chairman of the Board, Michael A. Smerklo, made a $148,361 buy of SREV, purchasing 21,500 shares at a cost of $6.90 a piece. Smerklo was up about 5.2% on the buy at the high point of today's trading session, with SREV trading as high as $7.26 at last check today. ServiceSource International, Inc. is trading up about 3% on the day Wednesday.
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