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.
On Monday, Director Robert A. Innamorati purchased $204,150 worth of Memorial Resource Development (NASDAQ:MRD), purchasing 8,127 shares at a cost of $25.12 each. Before this latest buy, Innamorati made one other purchase in the past twelve months, buying $570,000 shares at a cost of $19.00 a piece. Memorial Resource Development Corp is trading up about 4.3% on the day Thursday. So far Innamorati is in the green, up about 9.4% on their buy based on today's trading high of $27.47.
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