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 Cheniere Energy Partner (AMEX:CQP), a filing with the SEC revealed that on Thursday, Director Jamie Welch purchased 8,788 shares of CQP, for a cost of $27.50 each, for a total investment of $241,670. So far Welch is in the green, up about 4.3% on their buy based on today's trading high of $28.69. Cheniere Energy Partners is trading up about 1% on the day Tuesday.
And on Friday, Chad C. Street purchased $195,143 worth of Community Trust Bancorp (NASDAQ:CTBI), purchasing 4,000 shares at a cost of $48.79 each. Community Trust Bancorp is trading up about 1% on the day Tuesday.
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