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.
At Armada Hoffler Properties (NYSE:AHH), a filing with the SEC revealed that on Wednesday, Director Daniel A. Hoffler purchased 27,500 shares of AHH, for a cost of $9.45 each, for a total investment of $259,875. Hoffler was up about 4.4% on the buy at the high point of today's trading session, with AHH trading as high as $9.87 in trading on Monday. Before this latest buy, Hoffler made one other purchase in the past twelve months, buying $462,000 shares for a cost of $9.24 each.
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