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.
On Friday, JPMorgan Chase (NYSE:JPM)'s Director, James S. Crown, made a $27.76M purchase of JPM, buying 500,000 shares at an average cost of $55.53 a piece. Bargain hunters are able to pick up JPM even cheaper than Crown did, with shares changing hands as low as $54.60 in trading on Tuesday which is 1.7% below Crown's purchase price. Before this latest buy, Crown bought JPM on 2 other occasions during the past twelve months, for a total investment of $34.78M at an average of $47.11 per share.
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