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 Friday, DSP Group (NASDAQ:DSPG)'s Director, Cynthia Paul, made a $1.02M buy of DSPG, purchasing 86,421 shares at a cost of $11.79 a piece. Bargain hunters are able to snag DSPG even cheaper than Paul did, with the stock changing hands as low as $11.53 at last check today which is 2.3% under Paul's purchase price. DSP Group is trading up about 0.7% on the day Tuesday. Before this latest buy, Paul made one other buy in the past twelve months, purchasing $232,892 shares for a cost of $11.97 a piece.
And on Tuesday, Director John Fichthorn bought $378,919 worth of Health Insurance Innovations (NASDAQ:HIIQ), buying 11,162 shares at a cost of $33.95 a piece. Health Insurance Innovations is trading down about 1.8% on the day Tuesday.
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