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.
On Thursday, Compass Diversified Holdings', Alan B. Offenberg, made a $1.01M buy of CODI, purchasing 60,000 shares at a cost of $16.84 a piece. Offenberg was up about 1.2% on the buy at the high point of today's trading session, with CODI trading as high as $17.04 at last check today. Compass Diversified Holdings is trading trading flat on the day Friday. This purchase marks the first one filed by Offenberg in the past twelve months.
And at Teleflex, there was insider buying on Wednesday, by Director Gretchen R. Haggerty who bought 1,000 shares for a cost of $203.82 each, for a total investment of $203,818. Teleflex is trading up about 1.4% on the day Friday. So far Haggerty is in the green, up about 2.6% on their purchase based on today's trading high of $209.16.
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