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, American Homes 4 Rent (NYSE:AMH)'s Director, Tamara Hughes Gustavson, made a $4.98M purchase of AMH, buying 217,000 shares at a cost of $22.93 each. So far Gustavson is in the green, up about 1.3% on their buy based on today's trading high of $23.23. American Homes 4 Rent is trading trading flat on the day Friday. Before this latest buy, Gustavson made one other buy in the past year, purchasing $10M shares at a cost of $19.70 a piece.
And on Thursday, Chief Financial Officer David B. Wyshner purchased $200,020 worth of Wyndham Hotels & Resorts (NYSE:WH), purchasing 3,669 shares at a cost of $54.52 each. Wyndham Hotels & Resorts is trading up about 2.1% on the day Friday. Wyshner was up about 3.4% on the buy at the high point of today's trading session, with WH trading as high as $56.38 at last check today.
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