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 Sandy Spring Bancorp (NASDAQ:SASR), a filing with the SEC revealed that on Tuesday, Director James J. Maiwurm bought 1,000 shares of SASR, at a cost of $31.69 each, for a total investment of $31,689. So far Maiwurm is in the green, up about 2.2% on their buy based on today's trading high of $32.39. Sandy Spring Bancorp is trading up about 0.8% on the day Wednesday. This buy marks the first one filed by Maiwurm in the past year.
And on Friday, President Robert G. Cutlip bought $9,715 worth of Gladstone Commercial Corp (NASDAQ:GOOD), buying 500 shares at a cost of $19.43 each. Before this latest buy, Cutlip purchased GOOD at 14 other times during the past twelve months, for a total investment of $156,603 at an average of $18.64 per share. Gladstone Commercial Corp is trading up about 0.2% on the day Wednesday. Investors are able to bag GOOD at a price even lower than Cutlip did, with the stock trading as low as $19.19 at last check today which is 1.2% under Cutlip's purchase price.
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