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 Intevac (NASDAQ:IVAC), a filing with the SEC revealed that on Thursday, Director Matthew A. Drapkin bought 82,358 shares of IVAC, for a cost of $7.00 each, for a total investment of $576,506. Drapkin was up about 9.0% on the buy at the high point of today's trading session, with IVAC trading as high as $7.63 in trading on Monday. Intevac is trading up about 1.1% on the day Monday. Before this latest buy, Drapkin bought IVAC on 2 other occasions during the past twelve months, for a total investment of $815,052 at an average of $6.83 per share.
And at American Realty Capital Properties (NASDAQ:ARCP), there was insider buying on Friday, by Director William G. Stanley who bought 10,000 shares for a cost of $12.66 each, for a total investment of $126,588. Before this latest buy, Stanley made one other buy in the past twelve months, purchasing $222,970 shares for a cost of $12.39 each. American Realty Capital Properties Inc is trading off about 0.2% on the day Monday.
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