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 TPI Composites, a filing with the SEC revealed that on Monday, Chief Executive Officer Steven C. Lockard bought 5,000 shares of TPIC, at a cost of $21.47 each, for a total investment of $107,350. TPI Composites is trading off about 2.1% on the day Thursday.
And on Tuesday, CEO Jeffry N. Quinn bought $100,320 worth of Tronox Holdings, buying 9,600 shares at a cost of $10.45 a piece. Before this latest buy, Quinn purchased TROX on 2 other occasions during the past year, for a total investment of $383,830 at an average of $10.37 per share. Tronox Holdings is trading off about 1.7% on the day Thursday.
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