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 Wednesday, ChannelAdvisor's CEO, David J. Spitz, made a $127,700 buy of ECOM, purchasing 10,000 shares at a cost of $12.77 each. Bargain hunters are able to snag ECOM even cheaper than Spitz did, with the stock changing hands as low as $12.29 in trading on Monday which is 3.8% below Spitz's purchase price. ChannelAdvisor is trading down about 2.7% on the day Monday.
And at Premier, there was insider buying on Thursday, by Director Stephen R. D'arcy who purchased 4,000 shares for a cost of $30.91 each, for a trade totaling $123,640. Before this latest buy, D'arcy bought PINC on 2 other occasions during the past twelve months, for a total cost of $116,130 at an average of $33.18 per share. Premier is trading up about 1.9% on the day Monday.
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