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 Friday, 1347 Property Insurance Holdings (NASDAQ:PIH)'s Director, Leo Christopher Saenger III, made a $100,000 buy of PIH, purchasing 12,500 shares at a cost of $8.00 each. So far Saenger III is in the green, up about 12.4% on their purchase based on today's trading high of $8.99. 1347 Property Insurance Holdings is trading down about 0.5% on the day Tuesday.
And on Thursday, CEO David Humphrey purchased $38,000 worth of ADDvantage Technologies Group (NASDAQ:AEY), purchasing 11,838 shares at a cost of $3.21 a piece. ADDvantage Technologies Group is trading up about 5.5% on the day Tuesday.
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