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 Thursday, Curtiss-Wright's Director, Rita J. Heise, made a $22,537 purchase of CW, buying 164 shares at a cost of $137.42 each. Investors are able to buy CW even cheaper than Heise did, with shares trading as low as $131.89 at last check today which is 4.0% below Heise's purchase price. Curtiss-Wright is trading down about 2.1% on the day Friday. Before this latest buy, Heise made one other buy in the past twelve months, purchasing $22,698 shares at a cost of $122.69 each.
And at Knowles, there was insider buying on Thursday, by President, Intelligent Audio Michael S. Polacek who purchased 936 shares at a cost of $15.95 each, for a total investment of $14,929. Before this latest buy, Polacek purchased KN at 10 other times during the past twelve months, for a total cost of $163,534 at an average of $15.26 per share. Knowles is trading off about 4% on the day Friday. Investors have the opportunity to grab KN at a price even lower than Polacek did, with shares trading as low as $14.70 at last check today — that's 7.8% below Polacek's purchase price.
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