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, Hilton Grand Vacations (NYSE:HGV)'s Director, David William Johnson, made a $984,606 buy of HGV, purchasing 28,000 shares at a cost of $35.16 each. Hilton Grand Vacations is trading up about 0.7% on the day Monday.
And also on Thursday, Director Craig L. Martin purchased $646,216 worth of CSRA (NYSE:CSRA), purchasing 20,000 shares at a cost of $32.31 a piece. CSRA is trading trading flat on the day Monday. Investors are able to buy CSRA even cheaper than Martin did, with the stock changing hands as low as $31.49 in trading on Monday -- that's 2.5% below Martin's purchase price.
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