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 Compass Diversified Holdings, a filing with the SEC revealed that on Tuesday, Elias Sabo bought 25,000 shares of CODI, at a cost of $15.68 each, for a total investment of $391,875. Bargain hunters can grab CODI at a price even lower than Sabo did, with shares changing hands as low as $15.45 at last check today -- that's 1.4% below Sabo's purchase price. Compass Diversified Holdings is trading up about 0.2% on the day Thursday. This purchase marks the first one filed by Sabo in the past twelve months.
And at Vivus, there was insider buying on Monday, by Chief Executive Officer John P. Amos who bought 540,000 shares for a cost of $0.52 each, for a trade totaling $278,586. Vivus, is trading up about 1.9% on the day Thursday. Amos was up about 37.6% on the purchase at the high point of today's trading session, with VVUS trading as high as $0.71 at last check today.
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