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 Restaurant Brands International (NYSE:QSR), a filing with the SEC revealed that on Thursday, Director Alexandre Van Damme purchased 141,105 shares of QSR, for a cost of $54.29 each, for a total investment of $7.66M. Restaurant Brands International is trading off about 0.7% on the day Monday.
And at Target Corp (NYSE:TGT), there was insider buying on Thursday, by Director Donald R. Knauss who purchased 10,000 shares for a cost of $54.86 each, for a total investment of $548,641. Target Corp is trading off about 0.3% on the day Monday. So far Knauss is in the green, up about 1.4% on their purchase based on today's trading high of $55.61.
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