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 Crown Castle International Corp (NYSE:CCI), a filing with the SEC revealed that on Wednesday, Director J. Landis Martin bought 9,900 shares of CCI, at a cost of $110.14 each, for a total investment of $1.09M. Crown Castle International Corp is trading up about 0.6% on the day Thursday. This buy marks the first one filed by Martin in the past twelve months.
And on Tuesday, CEO Michael G. Barrett purchased $342,000 worth of Rubicon Project (NYSE:RUBI), purchasing 100,000 shares at a cost of $3.42 a piece. Rubicon Project is trading up about 7.5% on the day Thursday. Barrett was up about 6.1% on the purchase at the high point of today's trading session, with RUBI trading as high as $3.63 in trading on Thursday.
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