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 Williams Cos (NYSE:WMB), a filing with the SEC revealed that on Thursday, CEO Alan S. Armstrong bought 15,000 shares of WMB, for a cost of $28.60 each, for a total investment of $429,000. Williams Cos is trading up about 1.2% on the day Friday.
And at Maxwell Technologies (NASDAQ:MXWL), there was insider buying on Wednesday, by Director Jorg Buchheim who bought 60,000 shares for a cost of $5.78 each, for a total investment of $346,870. Maxwell Technologies is trading off about 0.2% on the day Friday.
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