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 The Trade Desk, a filing with the SEC revealed that on Tuesday, Director Kathryn E. Falberg purchased 80,000 shares of TTD, at a cost of $25.85 each, for a total investment of $2.07M. The Trade Desk is trading up about 2.9% on the day Thursday. This purchase marks the first one filed by Falberg in the past twelve months.
And at Medifast, there was insider buying on Tuesday, by Director Glenn W. Welling who bought 35,000 shares for a cost of $39.02 each, for a trade totaling $1.37M. This buy marks the first one filed by Welling in the past twelve months. Medifast is trading up about 1.3% on the day Thursday. So far Welling is in the green, up about 4.1% on their buy based on today's trading high of $40.60.
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