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, Cooper-Standard Holdings's Director, Stephen A. Van Oss, made a $478,452 purchase of CPS, buying 20,000 shares at a cost of $23.92 each. Cooper-Standard Holdings is trading up about 2.3% on the day Friday.
And at Audacy, there was insider buying on Wednesday, by CEO David J. Field who purchased 125,000 shares at a cost of $3.06 each, for a total investment of $382,512. This buy marks the first one filed by Field in the past twelve months. Audacy is trading up about 13.8% on the day Friday. Field was up about 11.8% on the purchase at the high point of today's trading session, with AUD trading as high as $3.42 at last check today.
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