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 a noteworthy recent insider buy.
On Thursday, CEO Floyd C. Wilson bought $510,000 worth of Halcon Resources Corp (NYSE:HK), buying 100,000 shares at a cost of $5.10 each. Before this latest buy, Wilson made one other buy in the past twelve months, purchasing $999,828 shares at a cost of $5.71 each. Halcon Resources Corp is trading up about 2.2% on the day Friday. So far Wilson is in the green, up about 6.3% on their purchase based on today's trading high of $5.42.
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