Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Wednesday, Archer Daniels Midland (NYSE:ADM)'s Chief Financial Officer, Ray G. Young, made a $115,707 purchase of ADM, buying 3,000 shares at a cost of $38.57 each. Archer Daniels Midland is trading up about 1.1% on the day Wednesday.
And on Monday, CEO Joseph B. Armes bought $103,110 worth of Capital Southwest Corporation (NASDAQ:CSWC), buying 3,000 shares at a cost of $34.37 each. This buy marks the first one filed by Armes in the past twelve months. Capital Southwest Corporation is trading trading flat on the day.
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