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 one noteworthy recent insider buy.
At Platform Specialty Products, there was insider buying on Tuesday, by Director Ian Ashken who purchased 50,000 shares for a cost of $12.25 each, for a total investment of $612,500. Platform Specialty Products is trading down about 1.4% on the day Friday. Ashken was up about 3.0% on the buy at the high point of today's trading session, with PAH trading as high as $12.62 at last check today.
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