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 Thursday, Fidelity National Information Services (NYSE:FIS)'s Director, Alexandar Navab Jr., made a $544,142 purchase of FIS, buying 5,075 shares at a cost of $107.22 each. So far Navab Jr. is in the green, up about 3.8% on their buy based on today's trading high of $111.33. Fidelity National Information Services is trading up about 0.7% on the day Friday.
And at WillScot Corp (NASDAQ:WSC), there was insider buying on Wednesday, by CEO Bradley Lee Soultz who bought 35,000 shares for a cost of $11.20 each, for a total investment of $391,850. This purchase marks the first one filed by Soultz in the past year. WillScot Corp is trading up about 0.6% on the day Friday. Soultz was up about 7.4% on the purchase at the high point of today's trading session, with WSC trading as high as $12.02 in trading on Friday.
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