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 Liberty Latin America, a filing with the SEC revealed that on Wednesday, SVP, CHIEF FINANCIAL OFFICER Christopher J. Noyes bought 20,000 shares of LILA, for a cost of $17.93 each, for a total investment of $358,580. So far Noyes is in the green, up about 5.8% on their purchase based on today's trading high of $18.96. Liberty Latin America is trading up about 3% on the day Monday.
And on Thursday, Director Steven R. Jones purchased $300,000 worth of FLMN, purchasing 30,000 shares at a cost of $10.00 a piece. This purchase marks the first one filed by Jones in the past twelve months. FLMN is trading up about 1.1% on the day Monday. So far Jones is in the green, up about 16.6% on their purchase based on today's trading high of $11.66.
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