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 Sportsman's Warehouse Holdings (NASDAQ:SPWH), a filing with the SEC revealed that on Wednesday, Director Kay L. Toolson bought 10,000 shares of SPWH, for a cost of $7.80 each, for a total investment of $78,000. Toolson was up about 3.1% on the purchase at the high point of today's trading session, with SPWH trading as high as $8.04 at last check today. Sportsman's Warehouse Holdings is trading down about 0.8% on the day Monday. Before this latest buy, Toolson made one other buy in the past year, purchasing $174,720 shares for a cost of $8.74 a piece.
And also on Wednesday, Chief Executive Officer Kelly W. Hoffman purchased $35,465 worth of Ring Energy (AMEX:REI), purchasing 2,000 shares at a cost of $17.73 each. Ring Energy is trading up about 1.6% on the day Monday. So far Hoffman is in the green, up about 4.2% on their buy based on today's trading high of $18.47.
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