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 one noteworthy recent insider buy.
On Thursday, Director Peter H. Kamin purchased $1.12M worth of Tile Shop Holdings (NASDAQ:TTS), purchasing 85,700 shares at a cost of $13.11 a piece. Before this latest buy, Kamin made one other buy in the past year, purchasing $1.49M shares at a cost of $15.56 each. Tile Shop Holdings is trading up about 1.6% on the day Tuesday. Kamin was up about 12.9% on the buy at the high point of today's trading session, with TTS trading as high as $14.80 in trading on Tuesday.
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