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 one noteworthy recent insider buy.
At United Continental Holdings, there was insider buying on Friday, by Director Edward Shapiro who bought 15,000 shares at a cost of $59.87 each, for a total investment of $898,020. Before this latest buy, Shapiro made one other purchase in the past year, buying $693,520 shares at a cost of $69.35 a piece. United Continental Holdings is trading up about 0.8% on the day Wednesday. Investors can snag UAL even cheaper than Shapiro did, with shares changing hands as low as $57.34 in trading on Wednesday -- that's 4.2% under Shapiro's purchase price.
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