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, Coupons.com (NASDAQ:COUP)'s Director, Andrew J. Gessow, made a $479,349 buy of COUP, purchasing 32,032 shares at a cost of $14.96 a piece. Coupons.com is trading up about 3.3% on the day Thursday. Before this latest buy, Gessow bought COUP on 2 other occasions during the past year, for a total cost of $951,149 at an average of $16.13 per share.
And on Tuesday, Director Christopher W. Claus bought $425,400 worth of TrueCar (NASDAQ:TRUE), buying 30,000 shares at a cost of $14.18 each. This purchase marks the first one filed by Claus in the past twelve months. TrueCar is trading up about 7.6% on the day Thursday. Claus was up about 16.9% on the purchase at the high point of today's trading session, with TRUE trading as high as $16.58 in trading on Thursday.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.