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, Wyndham Destinations (NYSE:WYND)'s Michael Dean Brown, made a $223,194 buy of WYND, purchasing 5,000 shares at a cost of $44.64 each. So far Brown is in the green, up about 4.3% on their purchase based on today's trading high of $46.58. Wyndham Destinations is trading down about 0.2% on the day Wednesday. This buy marks the first one filed by Brown in the past year.
And also on Monday, CEO Gerrard Schmid bought $195,456 worth of Diebold Nixdorf (NYSE:DBD), buying 22,222 shares at a cost of $8.80 each. Before this latest buy, Schmid bought DBD at 2 other times during the past year, for a total investment of $216,440 at an average of $11.83 per share. Diebold Nixdorf is trading up about 2.1% on the day Wednesday. Schmid was up about 9.7% on the purchase at the high point of today's trading session, with DBD trading as high as $9.65 at last check today.
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