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 Meritage Homes, a filing with the SEC revealed that on Wednesday, Director Dana Bradford bought 10,000 shares of MTH, for a cost of $37.90 each, for a total investment of $379,040. Meritage Homes is trading off about 0.5% on the day Monday.
And at Talos Energy, there was insider buying on Thursday, by Director John B. Juneau who bought 12,400 shares for a cost of $24.15 each, for a trade totaling $299,460. Talos Energy Inc is trading up about 1.9% on the day Monday. Bargain hunters are able to bag TALO even cheaper than Juneau did, with shares changing hands as low as $22.53 in trading on Monday which is 6.7% under Juneau's purchase price.
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