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 Air Lease (NYSE:AL), a filing with the SEC revealed that on Thursday, COO John L. Plueger bought 10,000 shares of AL, for a cost of $37.98 each, for a total investment of $379,752. Air Lease Corp is trading up about 1.1% on the day Friday. This purchase marks the first one filed by Plueger in the past twelve months.
And at Beazer Homes USA (NYSE:BZH), there was insider buying on Thursday, by Director Stephen P. Zelnak Jr. who bought 17,000 shares at a cost of $18.78 each, for a total investment of $319,235. This buy marks the first one filed by Zelnak Jr. in the past twelve months. Beazer Homes USA is trading up about 2.4% on the day Friday. Zelnak Jr. was up about 3.0% on the buy at the high point of today's trading session, with BZH trading as high as $19.35 at last check today.
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