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 one noteworthy recent insider buy.
At Herbalife (NYSE:HLF), there was insider buying on Thursday, by President Des Walsh who bought 10,000 shares at a cost of $55.67 each, for a trade totaling $556,700. Herbalife is trading up about 1.3% on the day Friday. Bargain hunters are able to grab HLF even cheaper than Walsh did, with the stock trading as low as $52.53 in trading on Friday -- that's 5.6% below Walsh's purchase price.
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