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Tuesday 1/2 Insider Buying Report: RETA, CSWC
Tuesday, January 2, 10:33 AM ET

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 Friday, Reata Pharmaceuticals (NASDAQ:RETA), R. Kent McGaughy Jr., made a $484,016 buy of RETA, purchasing 17,000 shares at a cost of $28.47 a piece. Reata Pharmaceuticals Inc is trading off about 0.3% on the day Tuesday. Before this latest buy, McGaughy Jr. bought RETA at 2 other times during the past twelve months, for a total cost of $5.66M at an average of $24.93 per share.

And at Capital Southwest (NASDAQ:CSWC), there was insider buying on Thursday, by Director David R. Brooks who bought 2,000 shares for a cost of $16.66 each, for a total investment of $33,326. Before this latest buy, Brooks made one other buy in the past twelve months, purchasing $166,217 shares at a cost of $15.98 a piece. Capital Southwest is trading up about 1.9% on the day Tuesday.

For MarketNewsVideo.com, I'm Sayoko Murase.

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