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, Richard A. Freeman purchased $371,750 worth of Clearbridge American Energy MLP (NYSE:CBA), purchasing 25,000 shares at a cost of $14.87 each. Before this latest buy, Freeman made one other buy in the past twelve months, purchasing $308,200 shares at a cost of $15.41 each. Clearbridge American Energy MLP is trading up about 0.5% on the day Thursday. So far Freeman is in the green, up about 0.8% on their purchase based on today's trading high of $14.99.
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