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 Tuesday, Parkway Properties Inc. (NYSE:PKY)'s Director, Brenda J. Mixson, made a $51,750 buy of PKY, purchasing 3,000 shares at a cost of $17.25 each. So far Mixson is in the green, up about 7.4% on their purchase based on today's trading high of $18.53. Parkway Properties Inc. is trading up about 3.8% on the day Thursday. Before this latest buy, Mixson made one other buy in the past year, purchasing $53,300 shares at a cost of $10.66 each.
And at Chyron Corp (NASDAQ:CHYR), there was insider buying on Monday, by Director Roger Ogden who purchased 30,000 shares at a cost of $1.25 each, for a total investment of $37,500. Chyron Corp is trading down about 4.9% on the day Thursday. So far Ogden is in the green, up about 17.6% on their purchase based on today's trading high of $1.47.
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