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.
At Aeropostale (ARO), a filing with the SEC revealed that on Monday, Director Karin Hirtler-Garvey purchased 55,000 shares of ARO, at a cost of $3.56 each, for a total investment of $196,021. Hirtler-Garvey was up about 17.3% on the buy at the high point of today's trading session, with ARO trading as high as $4.18 at last check today. Aeropostale is trading up about 8.6% on the day Wednesday. This buy marks the first one filed by Hirtler-Garvey in the past twelve months.
And at Babson Capital Global Short Duration High Yield Fund (BGH), there was insider buying on Monday, by Mark Senkpiel who purchased 5,500 shares for a cost of $23.36 each, for a total investment of $128,470. Before this latest buy, Senkpiel made one other purchase in the past twelve months, buying $47,884 shares for a cost of $23.94 a piece. Babson Capital Global Short Duration High Yield Fund is trading up about 1% on the day Wednesday. Senkpiel was up about 1.2% on the buy at the high point of today's trading session, with BGH trading as high as $23.63 in trading on Wednesday.
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