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 Murphy USA (NYSE:MUSA), a filing with the SEC revealed that on Thursday, Director James W. Keyes purchased 4,000 shares of MUSA, for a cost of $65.20 each, for a total investment of $260,800. Murphy USA is trading down about 1.5% on the day Monday.
And at Veritiv (NYSE:VRTV), there was insider buying on Friday, by CEO Mary A. Laschinger who bought 6,100 shares at a cost of $41.71 each, for a trade totaling $254,431. This buy marks the first one filed by Laschinger in the past year. Veritiv is trading up about 0.9% on the day Monday. Laschinger was up about 2.9% on the purchase at the high point of today's trading session, with VRTV trading as high as $42.90 in trading on Monday.
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