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 Teradata Corp (NYSE:TDC), a filing with the SEC revealed that on Monday, CEO Victor L. Lund bought 31,270 shares of TDC, for a cost of $31.95 each, for a total investment of $999,108. Lund was up about 2.0% on the purchase at the high point of today's trading session, with TDC trading as high as $32.58 at last check today. Teradata Corp is trading off about 0.6% on the day Wednesday.
And at Discovery Communications (DISCA), there was insider buying on Tuesday, by Chief Financial Officer Gunnar Wiedenfels who bought 20,000 shares at a cost of $23.01 each, for a trade totaling $460,180. This purchase marks the first one filed by Wiedenfels in the past year. Discovery Communications is trading up about 1.2% on the day Wednesday. So far Wiedenfels is in the green, up about 7.7% on their buy based on today's trading high of $24.79.
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