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 Wednesday, SCYNEXIS (NASDAQ:SCYX)'s Chief Executive Officer, Marco Taglietti, made a $40,750 buy of SCYX, purchasing 25,000 shares at a cost of $1.63 each. SCYNEXIS is trading up about 0.6% on the day Thursday. Before this latest buy, Taglietti bought SCYX at 3 other times during the past year, for a total cost of $61,000 at an average of $0.81 per share.
And on Monday, Zachary W. Bawel purchased $2,107 worth of German American Bancorp (NASDAQ:GABC), purchasing 71 shares at a cost of $29.68 each. Before this latest buy, Bawel bought GABC at 3 other times during the past twelve months, for a total cost of $10,578 at an average of $31.11 per share. German American Bancorp is trading off about 0.3% on the day Thursday.
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