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, Director Thomas A. Saponas purchased $567,040 worth of Procera Networks (PKT), purchasing 50,000 shares at a cost of $11.34 each. This buy marks the first one filed by Saponas in the past year. Procera Networks is trading down about 0.2% on the day Tuesday. So far Saponas is in the green, up about 5.8% on their buy based on today's trading high of $12.00.
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