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 Tempur Sealy International (NYSE:TPX), a filing with the SEC revealed that on Wednesday, Director Usman Nabi bought 610,000 shares of TPX, at a cost of $48.30 each, for a total investment of $29.46M. Nabi was up about 3.4% on the purchase at the high point of today's trading session, with TPX trading as high as $49.95 in trading on Thursday. Tempur Sealy International is trading up about 0.2% on the day Thursday.
And on Tuesday, Director Tamara Hughes Gustavson bought $10.26M worth of American Homes 4 Rent (NYSE:AMH), buying 462,123 shares at a cost of $22.21 a piece. Before this latest buy, Gustavson purchased AMH on 2 other occasions during the past year, for a total cost of $4.99M at an average of $20.53 per share. American Homes 4 Rent is trading up about 0.3% on the day Thursday.
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