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 Idexx Laboratories (NASDAQ:IDXX), a filing with the SEC revealed that on Thursday, Director M. Anne Szostak bought 2,000 shares of IDXX, for a cost of $126.71 each, for a total investment of $253,426. Investors can pick up IDXX at a price even lower than Szostak did, with shares trading as low as $125.08 at last check today -- that's 1.3% under Szostak's purchase price. Before this latest buy, Szostak made one other purchase in the past year, buying $108,240 shares for a cost of $108.24 a piece.
And on Friday, Director Elton Sherwin purchased $200,100 worth of Peregrine Semiconductor (PSMI), purchasing 35,000 shares at a cost of $5.72 each. This purchase marks the first one filed by Sherwin in the past twelve months. Peregrine Semiconductor is trading up about 6% on the day Tuesday.
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