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 National Vision Holdings, a filing with the SEC revealed that on Monday, Chief Operating Officer Raymond J. McAllister purchased 11,200 shares of EYE, at a cost of $22.00 each, for a total investment of $246,400. McAllister was up about 39.6% on the purchase at the high point of today's trading session, with EYE trading as high as $30.71 in trading on Thursday. National Vision Holdings is trading off about 0.7% on the day Thursday.
And on Tuesday, Director Charles R. Lightsey purchased $237,800 worth of First Bancshares, purchasing 8,200 shares at a cost of $29.00 each. First Bancshares is trading up about 0.4% on the day Thursday. So far Lightsey is in the green, up about 9.8% on their purchase based on today's trading high of $31.85.
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