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 Epizyme (NASDAQ:EPZM), a filing with the SEC revealed that on Monday, Director David M. Mott purchased 200,000 shares of EPZM, for a cost of $15.25 each, for a total investment of $3.05M. Mott was up about 22.6% on the purchase at the high point of today's trading session, with EPZM trading as high as $18.70 at last check today. Epizyme is trading up about 3.6% on the day Tuesday. This purchase marks the first one filed by Mott in the past year.
And on Friday, Director George C. McNamee bought $440,442 worth of Plug Power (NASDAQ:PLUG), buying 200,000 shares at a cost of $2.20 each. Plug Power is trading off about 1.6% on the day Tuesday. McNamee was up about 15.1% on the buy at the high point of today's trading session, with PLUG trading as high as $2.54 at last check today.
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