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 NCS Multistage Holdings (NASDAQ:NCSM), a filing with the SEC revealed that on Wednesday, W. Matt Ralls bought 30,000 shares of NCSM, for a cost of $17.00 each, for a total investment of $510,000. Ralls was up about 20.2% on the buy at the high point of today's trading session, with NCSM trading as high as $20.44 at last check today. NCS Multistage Holdings is trading up about 1.2% on the day Friday.
And at Agree Realty Corp. (NYSE:ADC), there was insider buying on Thursday, by Director John Rakolta Jr. who bought 10,000 shares for a cost of $44.82 each, for a total investment of $448,200. Before this latest buy, Rakolta Jr. made one other buy in the past year, purchasing $570,000 shares for a cost of $47.50 a piece. Agree Realty Corp. is trading up about 1.6% on the day Friday. Rakolta Jr. was up about 3.9% on the buy at the high point of today's trading session, with ADC trading as high as $46.56 at last check today.
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