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 Xerox (XRX), a filing with the SEC revealed that on Thursday, Executive Vice President Robert K. Zapfel bought 40,000 shares of XRX, for a cost of $12.94 each, for a total investment of $517,536. Zapfel was up about 3.6% on the purchase at the high point of today's trading session, with XRX trading as high as $13.41 at last check today. Xerox is trading up about 1.4% on the day Monday.
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