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 CRISPR Therapeutics AG (NASDAQ:CRSP), a filing with the SEC revealed that on Monday, Director Simeon George bought 66,500 shares of CRSP, at a cost of $14.00 each, for a total investment of $931,000. So far George is in the green, up about 10.7% on their buy based on today's trading high of $15.50. CRISPR Therapeutics AG is trading up about 4.3% on the day Thursday. This buy marks the first one filed by George in the past twelve months.
And on Wednesday, Director John Rakolta Jr. bought $570,000 worth of Agree Realty Corp. (NYSE:ADC), buying 12,000 shares at a cost of $47.50 a piece. This buy marks the first one filed by Rakolta Jr. in the past year. Agree Realty Corp. is trading down about 1.3% on the day Thursday. So far Rakolta Jr. is in the green, up about 4.0% on their buy based on today's trading high of $49.42.
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