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 Form Holdings Corp (FH), a filing with the SEC revealed that on Wednesday, Director Andrew R. Heyer bought 100,000 shares of FH, at a cost of $1.32 each, for a total investment of $132,000. Form Holdings Corp is trading up about 2.3% on the day Thursday. Before this latest buy, Heyer made one other buy in the past twelve months, purchasing $23,199 shares for a cost of $1.55 each.
And on Tuesday, Director Michael F. Ciferri bought $101,961 worth of CenterState Bank Corp (CSFL), buying 4,500 shares at a cost of $22.66 a piece. CenterState Bank Corp is trading up about 0.6% on the day Thursday. So far Ciferri is in the green, up about 10.0% on their purchase based on today's trading high of $24.92.
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