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 (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.
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