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, Iradimed (IRMD)'s Director, James B. Hawkins, made a $500,000 buy of IRMD, purchasing 80,000 shares at a cost of $6.25 each. Hawkins was up about 43.5% on the purchase at the high point of today's trading session, with IRMD trading as high as $8.97 at last check today. Iradimed is trading off about 0.5% on the day Monday. This buy marks the first one filed by Hawkins in the past year.
And on Friday, President Timothy M. Kohl bought $25,037 worth of Marten Transport (MRTN), buying 1,200 shares at a cost of $20.86 a piece. Marten Transport is trading up about 0.5% on the day Monday. Kohl was up about 2.6% on the buy at the high point of today's trading session, with MRTN trading as high as $21.40 at last check today.
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