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 Hostess Brands (NASDAQ:TWNK), a filing with the SEC revealed that on Friday, Chief Executive Officer William Douglas Toler bought 50,000 shares of TWNK, for a cost of $12.88 each, for a total investment of $644,000. Toler was up about 8.7% on the buy at the high point of today's trading session, with TWNK trading as high as $14.00 in trading on Wednesday. Hostess Brands is trading up about 3.8% on the day Wednesday. Before this latest buy, Toler purchased TWNK at 2 other times during the past twelve months, for a total investment of $1.83M at an average of $14.66 per share.
And on Tuesday, Chief Executive Officer AJ Teague bought $200,130 worth of Enterprise Products Partners L.P. (NYSE:EPD), buying 8,250 shares at a cost of $24.26 each. This buy marks the first one filed by Teague in the past twelve months. Enterprise Products Partners L.P. is trading trading flat on the day Wednesday.
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