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 Comtech Telecommunications (NASDAQ:CMTL), a filing with the SEC revealed that on Wednesday, Chairman, CEO & President Fred Kornberg purchased 7,958 shares of CMTL, at a cost of $27.44 each, for a total investment of $218,368. So far Kornberg is in the green, up about 5.4% on their buy based on today's trading high of $28.91. Comtech Telecommunications is trading up about 3.5% on the day Friday. This purchase marks the first one filed by Kornberg in the past twelve months.
And at AEP Industries (NASDAQ:AEPI), there was insider buying on Thursday, by Director Robert Bell who bought 500 shares at a cost of $62.36 each, for a total investment of $31,180. This buy marks the first one filed by Bell in the past year. AEP Industries is trading up about 2.4% on the day Friday.
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