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 AT&T (NYSE:T), a filing with the SEC revealed that on Friday, Director Glenn H. Hutchins bought 100,000 shares of AT&T, at a cost of $35.64 each, for a total investment of $3.56M. So far Hutchins is in the green, up about 5.2% on their purchase based on today's trading high of $37.48. AT&T is trading up about 3.9% on the day Tuesday. This purchase marks the first one filed by Hutchins in the past year.
And at Core Laboratories (NYSE:CLB), there was insider buying on Monday, by CFO Richard L. Bergmark who bought 7,000 shares for a cost of $147.31 each, for a trade totaling $1.03M. This buy marks the first one filed by Bergmark in the past year. Core Laboratories is trading up about 1.8% on the day Tuesday.
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