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.
On Monday, Peoples Financial Services (NASDAQ:PFIS)'s Director, William E. Aubrey II, made a $315,529 purchase of PFIS, buying 6,400 shares at a cost of $49.30 each. Peoples Financial Services Corp is trading off about 0.1% on the day Wednesday.
And at The New Home Company (NYSE:NWHM), there was insider buying on Monday, by Chief Executive Officer H. Lawrence Webb who purchased 23,381 shares at a cost of $12.43 each, for a trade totaling $290,632. This purchase marks the first one filed by Webb in the past twelve months. The New Home Company Inc is trading up about 2% on the day Wednesday. Investors are able to buy NWHM at a price even lower than Webb did, with shares trading as low as $11.76 at last check today which is 5.4% below Webb's purchase price.
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