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 Axis Capital Holdings (NYSE:AXS), a filing with the SEC revealed that on Thursday, CEO John Gressier purchased 176,000 shares of AXS, for a cost of $42.47 each, for a total investment of $7.47M. Axis Capital Holdings is trading up about 1.9% on the day Monday.
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