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 a recent insider purchase of note.
At Gladstone Commercial Corp (NASDAQ:GOOD), a filing with the SEC revealed that on Tuesday, President Robert G. Cutlip bought 500 shares of GOOD, for a cost of $22.41 each, for a total investment of $11,205. Cutlip was up about 1.1% on the purchase at the high point of today's trading session, with GOOD trading as high as $22.65 at last check today. Gladstone Commercial Corp is trading off about 0.3% on the day Thursday. Before this latest buy, Cutlip purchased GOOD on 12 other occasions during the past twelve months, for a total cost of $130,270 at an average of $19.74 per share.
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