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, American Homes 4 Rent (NYSE:AMH)'s Director, Hughes, made a $29.97M buy of AMH, purchasing 1,372,200 shares at a cost of $21.84 a piece. So far Hughes is in the green, up about 1.3% on their buy based on today's trading high of $22.12. American Homes 4 Rent is trading up about 0.1% on the day Friday. Before this latest buy, Hughes purchased AMH at 3 other times during the past year, for a total investment of $76.35M at an average of $22.44 per share.
And at AMC Entertainment Holdings (NYSE:AMC), there was insider buying on Thursday, by CEO Adam M. Aron who purchased 35,000 shares for a cost of $15.79 each, for a total investment of $552,650. Before this latest buy, Aron bought AMC on 2 other occasions during the past twelve months, for a total cost of $1.25M at an average of $29.87 per share. AMC Entertainment Holdings is trading up about 2.3% on the day Friday. Aron was up about 6.4% on the buy at the high point of today's trading session, with AMC trading as high as $16.80 in trading on Friday.
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