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 National Storage Affiliates Trust (NYSE:NSA), a filing with the SEC revealed that on Friday, Director Chad Leroy Meisinger purchased 10,000 shares of NSA, at a cost of $26.80 each, for a total investment of $268,000. Bargain hunters have the opportunity to pick up NSA at a price even lower than Meisinger did, with shares trading as low as $26.33 in trading on Wednesday — that's 1.8% under Meisinger's purchase price. National Storage Affiliates Trust is trading up about 0.4% on the day Wednesday.
And also on Friday, Chief Marketing Officer Michael M. Jafar purchased $266,591 worth of Evolus (NASDAQ:EOLS), purchasing 12,800 shares at a cost of $20.83 each. This purchase marks the first one filed by Jafar in the past twelve months. Evolus is trading up about 1.5% on the day Wednesday. Investors have the opportunity to snag EOLS at a price even lower than Jafar did, with shares changing hands as low as $18.84 in trading on Wednesday which is 9.5% under Jafar's purchase price.
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