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.
At Dell (DELL), a filing with the SEC revealed that on Thursday, Carl C. Icahn bought 4,000,000 shares of DELL, at a cost of $12.94 each, for a total investment of $51.76M. So far Icahn is in the green, up about 5.7% on their buy based on today's trading high of $13.68.
And also on Thursday, Director Laurence A. Chapman bought $665,900 worth of Digital Realty Trust (NYSE:DLR), buying 12,200 shares at a cost of $54.58 a piece. Before this latest buy, Chapman made one other buy in the past year, purchasing $604,500 shares for a cost of $60.45 a piece. Digital Realty Trust is trading up about 0.9% on the day Tuesday.
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