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 Inphi Corp (NYSE:IPHI), a filing with the SEC revealed that on Friday, Director Sam Srinivasan bought 5,000 shares of IPHI, for a cost of $24.93 each, for a total investment of $124,650. Inphi Corp is trading up about 0.1% on the day Wednesday. This buy marks the first one filed by Srinivasan in the past year.
And at Telenav (NASDAQ:TNAV), there was insider buying on Tuesday, by CEO H.P. Jin who bought 20,000 shares for a cost of $5.66 each, for a total investment of $113,177. This buy marks the first one filed by Jin in the past twelve months. Telenav is trading up about 2.2% on the day Wednesday.
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