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 Coach (NYSE:COH), a filing with the SEC revealed that on Thursday, CEO Lew Frankfort bought 21,000 shares of COH, for a cost of $48.38 each, for a total investment of $1.02M. Frankfort was up about 3.2% on the buy at the high point of today's trading session, with COH trading as high as $49.91 at last check today. This buy marks the first one filed by Frankfort in the past year.
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