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 Tuesday, American Assets Trust (NYSE:AAT)'s Director, Duane Nelles, made a $1.04M buy of AAT, purchasing 25,000 shares at a cost of $41.74 a piece. Investors have the opportunity to buy AAT even cheaper than Nelles did, with the stock changing hands as low as $41.06 in trading on Thursday which is 1.6% below Nelles's purchase price. American Assets Trust is trading off about 0.5% on the day Thursday.
And at Black Knight (NYSE:BKI), there was insider buying on Tuesday, by Chief Executive Officer Anthony M. Jabbour who bought 22,140 shares for a cost of $45.17 each, for a total investment of $999,969. Black Knight is trading down about 0.3% on the day Thursday. Bargain hunters can snag BKI at a price even lower than Jabbour did, with shares changing hands as low as $43.05 in trading on Thursday which is 4.7% below Jabbour's purchase price.
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