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 Monday, Dish Network Corp (NASDAQ:DISH)'s Executive Vice President, James Defranco, made a $633,750 buy of DISH, purchasing 25,000 shares at a cost of $25.35 each. So far Defranco is in the green, up about 8.9% on their purchase based on today's trading high of $27.61. Dish Network Corp is trading up about 3.6% on the day Friday. Before this latest buy, Defranco purchased DISH at 23 other times during the past twelve months, for a total investment of $7.56M at an average of $30.86 per share.
And also on Monday, Director David Sgro purchased $105,528 worth of Hill International (NYSE:HIL), purchasing 35,176 shares at a cost of $3.00 each. Hill International is trading up about 5.1% on the day Friday. Sgro was up about 7.0% on the buy at the high point of today's trading session, with HIL trading as high as $3.21 in trading on Friday.
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