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.
At ABIOMED, Inc. (NASDAQ:ABMD), a filing with the SEC revealed that on Monday, Director Henri A. Termeer purchased 100,000 shares of ABMD, for a cost of $14.98 each, for a total investment of $1.5M. So far Termeer is in the green, up about 7.6% on their buy based on today's trading high of $16.12. ABIOMED, Inc. is trading up about 4.2% on the day Wednesday. This purchase marks the first one filed by Termeer in the past twelve months.
And at Belden Inc (NYSE:BDC), there was insider buying on Monday, by Director Bryan C. Cressey who bought 10,000 shares for a cost of $50.04 each, for a trade totaling $500,369. This purchase marks the first one filed by Cressey in the past twelve months. Belden Inc is trading up about 2.4% on the day Wednesday.
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