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 buys.
On Wednesday, Director John J. Sherman purchased $432,600 worth of Great Plains Energy (NYSE:GXP), purchasing 20,000 shares at a cost of $21.63 each. This buy marks the first one filed by Sherman in the past year. Sherman was up about 1.2% on the purchase at the high point of today's trading session, with GXP trading as high as $21.90 in trading on Friday.
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