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 YuMe (NYSE:YUME), a filing with the SEC revealed that on Tuesday, Director Daniel D. Springer bought 100,000 shares of YUME, for a cost of $6.71 each, for a total investment of $670,870. YuMe Inc is trading up about 0.9% on the day Friday. This purchase marks the first one filed by Springer in the past year.
And at Harsco (NYSE:HSC), there was insider buying on Wednesday, by CFO F. Nicholas Grasberger III who bought 25,000 shares at a cost of $22.15 each, for a total investment of $553,811. This buy marks the first one filed by Grasberger III in the past year. Harsco Corp. is trading up about 0.2% on the day Friday. Grasberger III was up about 3% on the purchase at the high point of today's trading session, with HSC trading as high as $22.81 in trading on Friday.
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