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 Murphy USA (NYSE:MUSA), a filing with the SEC revealed that on Friday, Director Robert Madison Murphy purchased 7,450 shares of MUSA, at a cost of $67.02 each, for a total investment of $499,299. Murphy USA is trading up about 3.3% on the day Tuesday.
And at CommScope Holding (NASDAQ:COMM), there was insider buying on Friday, by CFO Alexander W. Pease who purchased 10,725 shares for a cost of $27.95 each, for a trade totaling $299,795. This purchase marks the first one filed by Pease in the past year. CommScope Holding is trading up about 2.7% on the day Tuesday. Pease was up about 7.0% on the buy at the high point of today's trading session, with COMM trading as high as $29.91 in trading on Tuesday.
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