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 Gladstone Investment (NASDAQ:GAIN), a filing with the SEC revealed that on Monday, CEO David Gladstone bought 90,000 shares of GAIN, for a cost of $7.53 each, for a total investment of $677,700. So far Gladstone is in the green, up about 1.9% on their purchase based on today's trading high of $7.67. Gladstone Investment is trading up about 0.8% on the day Wednesday. Before this latest buy, Gladstone made one other buy in the past year, purchasing $1.25M shares at a cost of $7.89 a piece.
And on Tuesday, Director Michael L. Watts bought $484,262 worth of Mobile Mini (NASDAQ:MINI), buying 15,386 shares at a cost of $31.47 each. Mobile Mini is trading up about 4.8% on the day Wednesday. So far Watts is in the green, up about 5.2% on their purchase based on today's trading high of $33.12.
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