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, Industrial Services of America Inc. (NASDAQ:IDSA)'s , Jonathan S. Blue, made a $500,000 purchase of IDSA, buying 125,000 shares at a cost of $4.00 each. Investors have the opportunity to grab IDSA even cheaper than Blue did, with shares changing hands as low as $3.15 at last check today -- that's 21.3% under Blue's purchase price. Industrial Services of America Inc. is trading off about 1.6% on the day Thursday.
And also on Monday, CEO John A. Scarlett purchased $51,500 worth of Geron Corp. (NASDAQ:GERN), purchasing 50,000 shares at a cost of $1.03 a piece. This buy marks the first one filed by Scarlett in the past year. Geron Corp. is trading up about 1.8% on the day Thursday. Scarlett was up about 9.7% on the buy at the high point of today's trading session, with GERN trading as high as $1.13 at last check today.
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