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 American Homes 4 Rent (NYSE:AMH), a filing with the SEC revealed that on Thursday, Director B. Wayne Hughes bought 802,745 shares of AMH, at a cost of $21.30 each, for a total investment of $17.10M. Hughes was up about 2.5% on the buy at the high point of today's trading session, with AMH trading as high as $21.83 in trading on Friday. American Homes 4 Rent is trading up about 0.8% on the day Friday. Before this latest buy, Hughes bought AMH on 4 other occasions during the past twelve months, for a total investment of $106.44M at an average of $22.45 per share.
And at Tile Shop Holdings (NASDAQ:TTS), there was insider buying on Thursday, by Director Peter J. Jacullo III who purchased 187,828 shares at a cost of $8.48 each, for a total investment of $1.59M. Before this latest buy, Jacullo III bought TTS at 3 other times during the past twelve months, for a total cost of $755,453 at an average of $10.37 per share. Tile Shop Holdings is trading up about 4% on the day Friday. Jacullo III was up about 7.0% on the purchase at the high point of today's trading session, with TTS trading as high as $9.07 at last check today.
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