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 Flexsteel Industries (NASDAQ:FLXS), a filing with the SEC revealed that on Monday, Nancy E. Uridil bought 1,705 shares of FLXS, at a cost of $36.39 each, for a total investment of $62,046. Flexsteel Industries, Inc. is trading up about 0.6% on the day Tuesday. Before this latest buy, Uridil made one other purchase in the past year, buying $100,780 shares at a cost of $27.61 each.
And at Alcoa (NYSE:AA), there was insider buying on Friday, by Director Ratan Tata who purchased 1,670 shares at a cost of $12.48 each, for a total investment of $20,838. Before this latest buy, Tata bought AA on 3 other occasions during the past year, for a total investment of $62,547 at an average of $8.87 per share. Alcoa is trading up about 0.5% on the day Tuesday. So far Tata is in the green, up about 3.6% on their buy based on today's trading high of $12.93.
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