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 one noteworthy recent insider buy.
On Tuesday, Director Charles R. Perrin purchased $394,970 worth of Abercrombie & Fitch Co. (NYSE:ANF), purchasing 10,000 shares at a cost of $39.50 each. This purchase marks the first one filed by Perrin in the past twelve months. Abercrombie & Fitch Co. is trading up about 0.1% on the day Thursday.
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