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, Agree Realty Corp. (NYSE:ADC)'s Executive Chairman of Board, Richard Agree, made a $1.50M buy of ADC, purchasing 22,000 shares at a cost of $68.33 a piece. Agree Realty Corp. is trading up about 1% on the day Wednesday.
And at ONEOK (NYSE:OKE), there was insider buying on Tuesday, by Director Mark W. Helderman who bought 6,094 shares at a cost of $73.95 each, for a total investment of $450,657. ONEOK is trading up about 1.3% on the day Wednesday.
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