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 Yum! Brands (NYSE:YUM), a filing with the SEC revealed that on Thursday, Director Robert D. Walter bought 20,000 shares of YUM, at a cost of $66.09 each, for a total investment of $1.32M. Yum! Brands is trading up about 0.8% on the day Friday. Before this latest buy, Walter bought YUM at 2 other times during the past twelve months, for a total investment of $2.26M at an average of $62.21 per share.
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