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 Fairmount Santrol Holdings (FMSA), a filing with the SEC revealed that on Tuesday, Director Charles D. Fowler purchased 1,666,666 shares of FMSA, for a cost of $5.95 each, for a total investment of $9.92M. Fowler was up about 13.1% on the purchase at the high point of today's trading session, with FMSA trading as high as $6.73 in trading on Friday. Fairmount Santrol Holdings is trading down about 0.5% on the day Friday. This purchase marks the first one filed by Fowler in the past year.
And at General Electric (NYSE:GE), there was insider buying on Tuesday, by CEO Jeffrey R. Immelt who purchased 50,000 shares at a cost of $31.45 each, for a total investment of $1.57M. Before this latest buy, Immelt made one other buy in the past year, purchasing $2.00M shares at a cost of $29.59 a piece. General Electric is trading down about 0.3% on the day Friday. Investors can snag GE at a price even lower than Immelt did, with shares trading as low as $31.11 at last check today which is 1.1% below Immelt's purchase price.
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