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, First Financial Bankshares, Inc. (FFIN)'s CEO, F. Scott Dueser, made a $263,972 purchase of FFIN, buying 6,024 shares at a cost of $43.82 a piece. So far Dueser is in the green, up about 1.9% on their purchase based on today's trading high of $44.67. First Financial Bankshares, Inc. is trading up about 1.2% on the day Wednesday. Before this latest buy, Dueser made one other buy in the past year, purchasing $4.7M shares for a cost of $35.32 each.
And at ServiceSource International, Inc. (SREV), there was insider buying on Monday, by CEO & Chairman of the Board Michael A. Smerklo who purchased 22,900 shares for a cost of $6.44 each, for a total investment of $147,524. Before this latest buy, Smerklo made one other buy in the past twelve months, purchasing $148,361 shares at a cost of $6.90 each. ServiceSource International, Inc. is trading up about 2.5% on the day Wednesday.
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