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 General Electric (NYSE:GE), a filing with the SEC revealed that on Tuesday, Director James E. Rohr purchased 10,000 shares of GE, for a cost of $26.18 each, for a total investment of $261,842. Investors can pick up GE even cheaper than Rohr did, with the stock trading as low as $25.53 in trading on Thursday which is 2.5% under Rohr's purchase price.
And at Plexus Corp. (NASDAQ:PLXS), there was insider buying on Tuesday, by Director Rainer Jueckstock who bought 2,000 shares at a cost of $41.29 each, for a total investment of $82,580. This buy marks the first one filed by Jueckstock in the past twelve months. Plexus Corp. is trading up about 0.3% on the day Thursday.
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