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 Tuesday, ServiceNow (NYSE:NOW)'s CEO, John J. Donahoe, made a $1.10M buy of NOW, purchasing 11,236 shares at a cost of $98.05 each. Bargain hunters can grab NOW even cheaper than Donahoe did, with the stock changing hands as low as $95.99 in trading on Friday which is 2.1% under Donahoe's purchase price. ServiceNow is trading down about 0.3% on the day Friday.
And on Thursday, Director Maky Zanganeh bought $1.10M worth of Pulse Biosciences (NASDAQ:PLSE), buying 53,760 shares at a cost of $20.49 each. Before this latest buy, Zanganeh purchased PLSE on 2 other occasions during the past twelve months, for a total investment of $581,318 at an average of $18.61 per share. Pulse Biosciences is trading up about 5.8% on the day Friday. Zanganeh was up about 16.1% on the purchase at the high point of today's trading session, with PLSE trading as high as $23.80 in trading on Friday.
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