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 Brinks (NYSE:BCO), a filing with the SEC revealed that on Thursday, CEO Douglas A. Pertz purchased 83,696 shares of BCO, at a cost of $29.87 each, for a total investment of $2.5M. Bargain hunters can buy BCO even cheaper than Pertz did, with the stock trading as low as $28.92 in trading on Tuesday -- that's 3.2% under Pertz's purchase price. Brinks is trading up about 1.3% on the day Tuesday. This purchase marks the first one filed by Pertz in the past year.
And at Francesca's Holdings Corp (FRAN), there was insider buying on Monday, by Interim CEO and President Richard W. Kunes who bought 20,000 shares at a cost of $10.56 each, for a trade totaling $211,200. Francesca's Holdings Corp is trading up about 2.2% on the day Tuesday.
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