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 Wednesday, DowDuPont (NYSE:DWDP)'s Chief Executive Officer, Edward D. Breen, made a $2M buy of DWDP, purchasing 29,580 shares at a cost of $67.61 each. DowDuPont is trading off about 0.8% on the day Monday. This buy marks the first one filed by Breen in the past year.
And at Ralph Lauren Corp (NYSE:RL), there was insider buying on Thursday, by Director Michael A. George who purchased 1,815 shares for a cost of $137.72 each, for a trade totaling $249,962. Ralph Lauren Corp is trading up about 0.4% on the day Monday. Investors can snag RL even cheaper than George did, with the stock changing hands as low as $135.98 in trading on Monday — that's 1.3% below George's purchase price.
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