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 Restaurant Brands International (NYSE:QSR), a filing with the SEC revealed that on Tuesday, President,Tim Hortons Alexandre Macedo purchased 45,000 shares of QSR, for a cost of $64.73 each, for a total investment of $2.91M. Macedo was up about 0.8% on the purchase at the high point of today's trading session, with QSR trading as high as $65.26 at last check today. Restaurant Brands International is trading down about 0.3% on the day Wednesday.
And also on Tuesday, Director Garheng Kong bought $2M worth of Avedro (AVDR), buying 142,857 shares at a cost of $14.00 each. Avedro is trading up about 1.6% on the day Wednesday. Bargain hunters are able to bag AVDR even cheaper than Kong did, with the stock changing hands as low as $13.22 at last check today — that's 5.6% under Kong's purchase price.
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