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 Williams Cos (NYSE:WMB), a filing with the SEC revealed that on Monday, Director Murray D. Smith bought 4,650 shares of WMB, at a cost of $40.79 each, for a total investment of $189,690. Williams Cos is trading down about 0.7% on the day Wednesday. Before this latest buy, Smith made one other purchase in the past year, buying $106,770 shares for a cost of $35.59 each.
And also on Monday, CFO Geoffrey M. Parker bought $100,533 worth of Anacor Pharmaceuticals (ANAC), buying 5,000 shares at a cost of $20.11 each. Before this latest buy, Parker purchased ANAC on 6 other occasions during the past twelve months, for a total investment of $958,420 at an average of $8.30 per share. Anacor Pharmaceuticals is trading up about 1.2% on the day Wednesday.
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