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 one noteworthy recent insider buy.
On Friday, Interim CEO Robert F. Moran purchased $2.01M worth of GNC Holdings, purchasing 300,000 shares at a cost of $6.69 each. Before this latest buy, Moran made one other purchase in the past twelve months, buying $5M shares at a cost of $8.44 a piece. GNC Holdings is trading up about 5.4% on the day Wednesday. So far Moran is in the green, up about 9.9% on their purchase based on today's trading high of $7.35.
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