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 Thursday, Children's Place's Director, Norman S. Matthews, made a $449,570 buy of PLCE, purchasing 28,300 shares at a cost of $15.89 each. Children's Place is trading up about 20.7% on the day Monday. Before this latest buy, Matthews bought PLCE at 2 other times during the past twelve months, for a total cost of $723,780 at an average of $39.12 per share.
And on Wednesday, Director Indra K. Nooyi bought $193,041 worth of Amazon.com, buying 100 shares at a cost of $1930.41 each. Before this latest buy, Nooyi purchased AMZN at 2 other times during the past twelve months, for a total cost of $360,106 at an average of $1800.53 per share. Amazon.com is trading up about 2.1% on the day Monday.
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