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.
On Wednesday, Sears Holdings (NASDAQ:SHLD)'s Director, Thomas J. Tisch, made a $15.94M purchase of SHLD, buying 475,000 shares at a cost of $33.56 each. Sears Holdings is trading up about 12.2% on the day Thursday. This buy marks the first one filed by Tisch in the past twelve months.
And on Tuesday, CTO Jane PH D. Hsiao bought $80,300 worth of Opko Health (NASDAQ:OPK), buying 10,000 shares at a cost of $8.03 a piece. Before this latest buy, Hsiao bought OPK on 2 other occasions during the past year, for a total cost of $163,378 at an average of $8.17 per share. Opko Health is trading down about 3.1% on the day Thursday. So far Hsiao is in the green, up about 4.2% on their buy based on today's trading high of $8.37.
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