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 Pall Corp. (NYSE:PLL), a filing with the SEC revealed that on Wednesday, Director Mark Goldstein purchased 1,000 shares of PLL, for a cost of $84.00 each, for a total investment of $84,000. Pall Corp. is trading down about 0.1% on the day Friday. This buy marks the first one filed by Goldstein in the past year.
And also on Wednesday, Director Thomas J. Kelley purchased $43,267 worth of Washington Federal (NASDAQ:WAFD), purchasing 1,900 shares at a cost of $22.77 each. This purchase marks the first one filed by Kelley in the past year. Washington Federal is trading up about 3.4% on the day Friday.
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