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.
On Friday, Triumph Group (NYSE:TGI)'s CEO, Jeffry D. Frisby, made a $205,410 buy of TGI, purchasing 3,000 shares at a cost of $68.47 a piece. Triumph Group is trading down about 2.1% on the day Monday. This buy marks the first one filed by Frisby in the past year.
And at VantageSouth Bancshares (VSB), there was insider buying on Friday, by Director Joseph T. Lamb Jr. who bought 32,190 shares at a cost of $5.14 each, for a trade totaling $165,457. This buy marks the first one filed by Lamb in the past year. VantageSouth Bancshares is trading up about 0.2% on the day Monday.
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