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 Monday, Director Josephine Linden bought $92,490 worth of Lands End (NASDAQ:LE), buying 3,000 shares at a cost of $30.83 a piece. This buy marks the first one filed by Linden in the past year. Lands End is trading up about 2.6% on the day Thursday. Linden was up about 10.5% on the buy at the high point of today's trading session, with LE trading as high as $34.07 at last check today.
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