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 Wednesday, Streamline Health Solutions' Director, Wyche T. Green III, made a $24,500 purchase of STRM, buying 25,000 shares at a cost of $0.98 a piece. So far Green III is in the green, up about 13.7% on their buy based on today's trading high of $1.11. Streamline Health Solutions is trading up about 3.8% on the day Friday. This buy marks the first one filed by Green III in the past twelve months.
And at Yangtze River Port & Logistics, there was insider buying on Tuesday, by Director James S. Coleman who bought 6,000 shares for a cost of $2.98 each, for a trade totaling $17,874. Yangtze River Port & Logistics is trading up about 0.3% on the day Friday. So far Coleman is in the green, up about 15.5% on their buy based on today's trading high of $3.44.
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