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 Thursday, Pier 1 Imports (NYSE:PIR)'s Director, Claire H. Babrowski, made a $40,453 buy of PIR, purchasing 2,600 shares at a cost of $15.56 each. Pier 1 Imports is trading up about 0.9% on the day Friday. This purchase marks the first one filed by Babrowski in the past twelve months.
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