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 Tuesday, fuboTV's Executive Chairman, Edgar Bronfman Jr., made a $2M buy of FUBO, purchasing 200,000 shares at a cost of $10.00 a piece. Bargain hunters are able to buy FUBO at a price even lower than Bronfman Jr. did, with shares changing hands as low as $9.31 at last check today which is 6.9% under Bronfman Jr.'s purchase price. fuboTV is trading up about 0.4% on the day Thursday.
And also on Tuesday, Director Jay Howard Stubina purchased $85,800 worth of Loop Industries, purchasing 10,000 shares at a cost of $8.58 each. Loop Industries is trading down about 2.1% on the day Thursday. Investors can pick up LOOP even cheaper than Stubina did, with the stock trading as low as $7.25 in trading on Thursday -- that's 15.5% below Stubina's purchase price.
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