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 Wednesday, Murphy Oil Corp (NYSE:MUR)'s Director, Claiborne P. Deming, made a $1.22M purchase of MUR, buying 20,000 shares at a cost of $60.86 a piece. Murphy Oil Corp is trading up about 0.1% on the day Friday. Before this latest buy, Deming bought MUR on 2 other occasions during the past twelve months, for a total investment of $6.63M at an average of $60.27 per share.
And at Marriott Vacations Worldwide Corp. (NYSE:VAC), there was insider buying on Monday, by CEO Stephen P. Weisz who purchased 7,500 shares at a cost of $40.31 each, for a total investment of $302,325. This buy marks the first one filed by Weisz in the past twelve months. Marriott Vacations Worldwide Corp. is trading up about 1.8% on the day Friday. Weisz was up about 5.9% on the buy at the high point of today's trading session, with VAC trading as high as $42.69 in trading on Friday.
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