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 Monday, Fuller's CFO, John J. Corkrean, made a $499,742 buy of FUL, purchasing 9,600 shares at a cost of $52.06 a piece. Fuller Company is trading down about 2% on the day Tuesday. This purchase marks the first one filed by Corkrean in the past year.
And on Thursday, Chairman John W. Allison bought $426,400 worth of Home BancShares, buying 20,000 shares at a cost of $21.32 each. Before this latest buy, Allison bought HOMB on 2 other occasions during the past twelve months, for a total cost of $752,212 at an average of $25.07 per share. Home BancShares is trading up about 2.7% on the day Tuesday. Allison was up about 11.2% on the buy at the high point of today's trading session, with HOMB trading as high as $23.70 at last check today.
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