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 JBG SMITH Properties (NYSE:JBGS), a filing with the SEC revealed that on Thursday, Director Charles E. Haldeman bought 20,000 shares of JBGS, at a cost of $32.59 each, for a total investment of $651,800. JBG SMITH Properties is trading down about 0.3% on the day Monday.
And also on Thursday, Scott D. Vogel bought $225,000 worth of Key Energy Services (NYSE:KEG), buying 25,000 shares at a cost of $9.00 each. Key Energy Services is trading up about 1.3% on the day Monday. So far Vogel is in the green, up about 14.1% on their purchase based on today's trading high of $10.27.
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