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, SunCoke Energy's Director, Ratta Ralph M. Della Jr., made a $50,040 buy of SXC, purchasing 7,200 shares at a cost of $6.95 each. SunCoke Energy is trading up about 9.3% on the day Monday. This purchase marks the first one filed by Della Jr. in the past year.
And on Monday, Director Raj Rajgopal bought $49,950 worth of Computer Task Group, buying 5,000 shares at a cost of $9.99 a piece. This buy marks the first one filed by Rajgopal in the past twelve months. Computer Task Group is trading up about 2.4% on the day Monday.
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