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 Friday, L Brands (LB)'s Director, Allan R. Tessler, made a $237,706 buy of LB, purchasing 3,500 shares at a cost of $67.92 each. Bargain hunters have the opportunity to snag LB even cheaper than Tessler did, with shares trading as low as $65.65 at last check today -- that's 3.3% below Tessler's purchase price. L Brands is trading down about 2.6% on the day Monday. This buy marks the first one filed by Tessler in the past twelve months.
And at Farmers National Banc (NASDAQ:FMNB), there was insider buying on Friday, by Director Terry A. Moore who bought 11,000 shares at a cost of $8.90 each, for a total investment of $97,900. Before this latest buy, Moore purchased FMNB at 10 other times during the past year, for a total cost of $175,486 at an average of $8.49 per share. Farmers National Banc is trading up about 0.1% on the day Monday.
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