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.
On Thursday, JPMorgan Chase (NYSE:JPM)'s Director, James S. Crown, made a $825,327 purchase of JPM, buying 7,280 shares at a cost of $113.37 each. JPMorgan Chase is trading up about 0.4% on the day Monday. Before this latest buy, Crown made one other buy in the past twelve months, purchasing $982,991 shares at a cost of $85.48 a piece.
And at Ryman Hospitality Properties (NYSE:RHP), there was insider buying on Wednesday, by CEO Colin V. Reed who bought 5,995 shares for a cost of $75.81 each, for a total investment of $454,503. Before this latest buy, Reed purchased RHP at 2 other times during the past twelve months, for a total cost of $1.71M at an average of $65.84 per share. Ryman Hospitality Properties is trading up about 0.1% on the day Monday. So far Reed is in the green, up about 1.9% on their purchase based on today's trading high of $77.28.
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