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 Health Care REIT (NYSE:HCN), a filing with the SEC revealed that on Tuesday, Director Timothy J. Naughton bought 2,400 shares of HCN, for a cost of $62.34 each, for a total investment of $149,608. Health Care REIT is trading up about 1.4% on the day Thursday.
And on Monday, Director David A. Lorber bought $115,945 worth of Ferro (NYSE:FOE), buying 9,500 shares at a cost of $12.20 a piece. Ferro is trading up about 0.4% on the day Thursday. Bargain hunters are able to grab FOE even cheaper than Lorber did, with the stock trading as low as $12.08 at last check today which is 1.0% under Lorber's purchase price.
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