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 Tuesday, CEO George C. Zoley bought $3.37M worth of GEO Group (NYSE:GEO), buying 100,000 shares at a cost of $33.69 each. Before this latest buy, Zoley bought GEO on 2 other occasions during the past twelve months, for a total cost of $1.97M at an average of $33.65 per share. GEO Group is trading down about 0.2% on the day Wednesday. So far Zoley is in the green, up about 0.8% on their purchase based on today's trading high of $33.98.
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