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 Post Holdings (NYSE:POST), a filing with the SEC revealed that on Wednesday, Director William P. Stiritz bought 134,059 shares of POST, at a cost of $96.71 each, for a total investment of $12.96M. So far Stiritz is in the green, up about 4.6% on their buy based on today's trading high of $101.16. Post Holdings is trading up about 1.8% on the day Monday. Before this latest buy, Stiritz made one other purchase in the past twelve months, buying $7.2M shares at a cost of $71.99 a piece.
And on Thursday, CEO Bryan C. Hanson purchased $249,936 worth of Zimmer Biomet Holdings (NYSE:ZBH), purchasing 2,100 shares at a cost of $119.02 each. Before this latest buy, Hanson bought ZBH at 2 other times during the past year, for a total investment of $3.05M at an average of $119.73 per share. Zimmer Biomet Holdings is trading up about 0.6% on the day Monday. Hanson was up about 2.4% on the buy at the high point of today's trading session, with ZBH trading as high as $121.91 at last check today.
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