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 Crown Castle International, a filing with the SEC revealed that on Tuesday, Director J. Landis Martin bought 8,050 shares of CCI, for a cost of $161.19 each, for a total investment of $1.3M. Investors can buy CCI at a price even lower than Martin did, with shares changing hands as low as $156.50 at last check today which is 2.9% below Martin's purchase price. Crown Castle International is trading up about 0.3% on the day Thursday. Before this latest buy, Martin made one other buy in the past year, purchasing $1.42M shares for a cost of $130.61 each.
And at International Business Machines, there was insider buying on Tuesday, by Sidney Taurel who purchased 5,000 shares for a cost of $110.75 each, for a total investment of $553,725. International Business Machines is trading up about 0.8% on the day Thursday. Investors have the opportunity to bag IBM even cheaper than Taurel did, with shares changing hands as low as $106.55 at last check today which is 3.8% under Taurel's purchase price.
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