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 Cboe Global Markets (NASDAQ:CBOE), a filing with the SEC revealed that on Wednesday, COO Christopher R. Concannon purchased 10,000 shares of CBOE, for a cost of $99.44 each, for a total investment of $994,400. Bargain hunters have the opportunity to snag CBOE at a price even lower than Concannon did, with shares trading as low as $97.55 in trading on Friday — that's 1.9% under Concannon's purchase price. Cboe Global Markets is trading up about 0.8% on the day Friday. This buy marks the first one filed by Concannon in the past twelve months.
And at Crown Holdings (NYSE:CCK), there was insider buying on Thursday, by CEO Timothy J. Donahue who bought 10,000 shares at a cost of $43.25 each, for a total investment of $432,500. Crown Holdings is trading up about 1% on the day Friday. So far Donahue is in the green, up about 2.3% on their buy based on today's trading high of $44.24.
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