Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Wednesday, Southwest Bancorp (NASDAQ:OKSB)'s Director, James M. Morris II, made a $100,740 buy of OKSB, purchasing 6,000 shares at a cost of $16.79 a piece. Southwest Bancorp is trading down about 0.1% on the day Friday.
And at Agios Pharmaceuticals (NASDAQ:AGIO), there was insider buying on Tuesday, by Director John Maraganore who bought 2,250 shares at a cost of $44.00 each, for a total investment of $99,000. Before this latest buy, Maraganore made one other purchase in the past twelve months, buying $149,994 shares at a cost of $18.00 a piece. Agios Pharmaceuticals is trading down about 3.3% on the day Friday.
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