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, SilverBow Resources (NYSE:SBOW)'s COO, Steven W. Adam, made a $17,764 purchase of SBOW, buying 603 shares at a cost of $29.46 a piece. So far Adam is in the green, up about 5.8% on their buy based on today's trading high of $31.16. SilverBow Resources Inc is trading up about 0.6% on the day Tuesday. Before this latest buy, Adam bought SBOW on 4 other occasions during the past year, for a total investment of $71,015 at an average of $29.07 per share.
And at Curtiss-Wright Corp. (NYSE:CW), there was insider buying on Monday, by Vice President and Controller K. Christopher Farkas who purchased 110 shares for a cost of $101.71 each, for a trade totaling $11,188. Before this latest buy, Farkas made one other buy in the past twelve months, purchasing $10,542 shares for a cost of $104.38 each. Curtiss-Wright Corp. is trading up about 0.2% on the day Tuesday. So far Farkas is in the green, up about 21.3% on their purchase based on today's trading high of $123.38.
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