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 Bausch Health Companies (NYSE:BHC), a filing with the SEC revealed that on Thursday, Director Richard U. De Schutter purchased 125,000 shares of BHC, for a cost of $23.96 each, for a total investment of $3M. Bargain hunters can pick up BHC even cheaper than De Schutter did, with the stock trading as low as $22.74 in trading on Tuesday which is 5.1% below De Schutter's purchase price. Bausch Health Companies is trading up about 4.7% on the day Tuesday.
And on Friday, Director G. Stacy Smith bought $1.65M worth of Independent Bank Group (NASDAQ:IBTX), buying 25,000 shares at a cost of $65.90 each. Before this latest buy, Smith bought IBTX on 2 other occasions during the past twelve months, for a total cost of $2.54M at an average of $72.54 per share. Independent Bank Group is trading off about 0.3% on the day Tuesday.
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