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 Dare Bioscience (NASDAQ:DARE), a filing with the SEC revealed that on Thursday, Director Roger Hawley purchased 454,545 shares of DARE, for a cost of $1.10 each, for a total investment of $500,000. Dare Bioscience is trading up about 3.8% on the day Tuesday. Before this latest buy, Hawley made one other buy in the past twelve months, purchasing $203,378 shares for a cost of $1.45 a piece.
And at Tailored Brands (NYSE:TLRD), there was insider buying on Friday, by the Brand President who bought 13,500 shares at a cost of $7.41 each, for a trade totaling $100,035. This buy marks the first one filed by the Brand President in the past year. Tailored Brands is trading up about 5.6% on the day Tuesday. So far Ask is in the green, up about 11.7% on their buy based on today's trading high of $8.28.
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