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 Voxx International Corp (NASDAQ:VOXX), a filing with the SEC revealed that on Monday, Director Peter A. Lesser bought 5,000 shares of VOXX, at a cost of $5.65 each, for a total investment of $28,230. Bargain hunters have the opportunity to pick up VOXX even cheaper than Lesser did, with the stock changing hands as low as $5.45 in trading on Thursday which is 3.5% under Lesser's purchase price. Voxx International Corp is trading up about 0.5% on the day Thursday.
And at German American Bancorp (NASDAQ:GABC), there was insider buying on Monday, by Christina M. Ernst who bought 553 shares for a cost of $36.17 each, for a total investment of $20,003. Before this latest buy, Ernst bought GABC on 7 other occasions during the past twelve months, for a total investment of $15,351 at an average of $34.04 per share. German American Bancorp is trading up about 0.3% on the day Thursday. Ernst was up about 2.7% on the buy at the high point of today's trading session, with GABC trading as high as $37.15 at last check today.
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