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 Antero Resources (NYSE:AR), a filing with the SEC revealed that on Wednesday Glen C. Warren Jr. purchased 250,000 shares of AR, for a cost of $20.99 each, for a total investment of $5.25M. Warren Jr. was up about 3.8% on the purchase at the high point of today's trading session, with AR trading as high as $21.79 at last check today. Antero Resources Corp is trading up about 1.6% on the day Friday. This buy marks the first one filed by Warren Jr. in the past twelve months.
And at Hilton Grand Vacations (NYSE:HGV), there was insider buying on Wednesday, by Mark D. Wang who bought 28,000 shares at a cost of $36.08 each, for a total investment of $1.01M. Hilton Grand Vacations Inc is trading up about 0.9% on the day Friday. Bargain hunters are able to bag HGV at a price even lower than Wang did, with shares trading as low as $35.68 at last check today -- that's 1.1% below Wang's purchase price.
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