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 General Finance Corp (NASDAQ:GFN), a filing with the SEC revealed that on Friday, Director Larry D. Tashjian bought 5,000 shares of GFN, for a cost of $9.38 each, for a total investment of $46,900. General Finance Corp is trading up about 1.6% on the day Monday.
And on Thursday, CFO Jeffrey N. Boyer purchased $33,980 worth of Tuesday Morning Corp. (NASDAQ:TUES), purchasing 2,000 shares at a cost of $16.99 a piece. Tuesday Morning Corp. is trading up about 0.5% on the day Monday.
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