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, Cerus Corp. (NASDAQ:CERS)'s Chief Scientific Officer, Laurence M. Corash, made a $773,199 purchase of CERS, buying 150,011 shares at a cost of $5.15 each. So far Corash is in the green, up about 7.7% on their purchase based on today's trading high of $5.55. Cerus Corp. is trading up about 5.2% on the day Friday. Before this latest buy, Corash made one other purchase in the past year, buying $227,259 shares at a cost of $2.45 a piece.
And at Quality Systems (NASDAQ:QSII), there was insider buying on Thursday, by Chief Financial Officer James Robert Arnold Jr. who purchased 40,000 shares for a cost of $13.10 each, for a trade totaling $524,000. This buy marks the first one filed by Arnold Jr. in the past twelve months. Quality Systems is trading up about 4.2% on the day Friday. Arnold Jr. was up about 5.0% on the buy at the high point of today's trading session, with QSII trading as high as $13.76 at last check today.
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