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 Friday, Cisco Systems (NASDAQ:CSCO)'s Director, Wesley G. Bush, made a $557,404 buy of CSCO, purchasing 10,000 shares at a cost of $55.74 each. So far Bush is in the green, up about 1.5% on their purchase based on today's trading high of $56.59. Cisco Systems is trading down about 1.2% on the day Wednesday. This buy marks the first one filed by Bush in the past twelve months.
And also on Friday, Director Elizabeth H. Weatherman purchased $500,981 worth of Nevro Corp (NYSE:NVRO), purchasing 8,183 shares at a cost of $61.22 a piece. Nevro Corp is trading off about 0.8% on the day Wednesday. So far Weatherman is in the green, up about 3.5% on their buy based on today's trading high of $63.34.
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