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 EQT, a filing with the SEC revealed that on Monday, Director A. Bray Cary Jr. purchased 406 shares of EQT, for a cost of $65.24 each, for a total investment of $26,487. Investors are able to buy EQT at a price even lower than Cary Jr. did, with shares trading as low as $64.25 at last check today which is 1.5% below Cary Jr.'s purchase price. EQT is trading up about 1.2% on the day Thursday. Before this latest buy, Cary Jr. bought EQT on 4 other occasions during the past twelve months, for a total investment of $1.58M at an average of $53.89 per share.
And at NetSol Technologies, there was insider buying on Monday, by Director Shahid Burki who bought 4,000 shares at a cost of $3.54 each, for a trade totaling $14,160. Before this latest buy, Burki made one other buy in the past year, purchasing $19,810 shares for a cost of $4.95 each. NetSol Technologies is trading trading flat on the day Thursday. So far Burki is in the green, up about 5.7% on their purchase based on today's trading high of $3.74.
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