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 United Continental Holdings (NYSE:UAL), a filing with the SEC revealed that on Monday, CEO Jeffery A. Smisek bought 20,000 shares of UAL, for a cost of $39.62 each, for a total investment of $792,380. United Continental Holdings is trading down about 2.2% on the day Monday. Before this latest buy, Smisek made one other buy in the past twelve months, purchasing $250,409 shares for a cost of $27.66 a piece.
And at UnitedHealth Group (NYSE:UNH), there was insider buying on Thursday, by Director Rodger A. Lawson who purchased 1,000 shares for a cost of $76.21 each, for a trade totaling $76,210. Before this latest buy, Lawson made one other purchase in the past twelve months, buying $71,638 shares for a cost of $71.64 a piece. UnitedHealth Group is trading down about 0.1% on the day Monday.
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