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, Idexx Laboratories' Director, Lawrence D. Kingsley, made a $303,517 buy of IDXX, purchasing 2,000 shares at a cost of $151.76 a piece. Kingsley was up about 2.6% on the purchase at the high point of today's trading session, with IDXX trading as high as $155.69 at last check today. Idexx Laboratories is trading up about 0.1% on the day Tuesday. Before this latest buy, Kingsley made one other buy in the past twelve months, purchasing $146,480 shares for a cost of $146.48 a piece.
And at Alliance Resource Partners, there was insider buying on Monday, by Director John P. Neafsey who purchased 10,000 shares for a cost of $19.55 each, for a total investment of $195,500. This purchase marks the first one filed by Neafsey in the past year. Alliance Resource Partners is trading up about 0.8% on the day Tuesday.
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