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 ADT Corp (NYSE:ADT), a filing with the SEC revealed that on Wednesday, Director Thomas J. Colligan purchased 5,500 shares of ADT, for a cost of $36.37 each, for a total investment of $200,020. Colligan was up about 1.9% on the purchase at the high point of today's trading session, with ADT trading as high as $37.05 at last check today. ADT Corp is trading up about 0.3% on the day Thursday. Before this latest buy, Colligan made one other buy in the past year, purchasing $90,741 shares at a cost of $30.25 each.
And also on Wednesday, Director James M. Chadwick bought $181,980 worth of Imperial Holdings (IFT), buying 28,000 shares at a cost of $6.50 each. Before this latest buy, Chadwick made one other buy in the past twelve months, purchasing $10,521 shares for a cost of $5.84 a piece. Imperial Holdings is trading up about 2.1% on the day Thursday. Chadwick was up about 2.4% on the buy at the high point of today's trading session, with IFT trading as high as $6.66 at last check today.
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