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 Thursday, Connecture's Director, Ezra Perlman, made a $731,928 purchase of CNXR, buying 443,593 shares at a cost of $1.65 each. Connecture is trading up about 2.5% on the day Monday. Before this latest buy, Perlman purchased CNXR on 2 other occasions during the past twelve months, for a total investment of $4.55M at an average of $1.46 per share.
And on Wednesday, Chief Executive Officer James L. McCarley purchased $102,744 worth of ExOne, purchasing 7,200 shares at a cost of $14.27 a piece. ExOne is trading up about 1.7% on the day Monday.
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