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, Cigna Holding's President Government Business, Brian C. Evanko, made a $326,800 buy of CI, purchasing 2,000 shares at a cost of $163.40 a piece. So far Evanko is in the green, up about 4.7% on their buy based on today's trading high of $171.08. Cigna Holding is trading up about 1.2% on the day Thursday. This buy marks the first one filed by Evanko in the past twelve months.
And at Antero Resources, there was insider buying on Wednesday, by See Remarks Glen C. Warren Jr. who bought 25,000 shares for a cost of $8.29 each, for a trade totaling $207,352. Antero Resources is trading up about 4% on the day Thursday. So far Warren Jr. is in the green, up about 4.5% on their purchase based on today's trading high of $8.67.
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