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 Wednesday, TetraLogic Pharmaceuticals (TLOG)'s CEO, J. Kevin Buchi, made a $25,181 buy of TLOG, purchasing 5,000 shares at a cost of $5.04 a piece. Buchi was up about 11.4% on the buy at the high point of today's trading session, with TLOG trading as high as $5.61 at last check today. TetraLogic Pharmaceuticals is trading up about 2.9% on the day Monday. Before this latest buy, Buchi bought TLOG on 4 other occasions during the past year, for a total investment of $167,470 at an average of $4.78 per share.
And on Thursday, SVP/CFO Barbara Smith bought $14,450 worth of Commercial Metals (NYSE:CMC), buying 1,000 shares at a cost of $14.45 a piece. Commercial Metals is trading down about 3.5% on the day Monday. Investors can pick up CMC even cheaper than Smith did, with shares changing hands as low as $13.66 at last check today which is 5.5% under Smith's purchase price.
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