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 Bright Health Group, a filing with the SEC revealed that on Wednesday, Adair Newhall purchased 48,694 shares of BHG, at a cost of $10.34 each, for a total investment of $503,324. Bright Health Group Inc is trading up about 1.3% on the day Thursday.
And on Tuesday, Director Michael W. Malafronte purchased $323,910 worth of Adtalem Global Education, purchasing 9,000 shares at a cost of $35.99 each. Before this latest buy, Malafronte purchased ATGE at 2 other times during the past twelve months, for a total investment of $480,590 at an average of $36.41 per share. Adtalem Global Education is trading up about 2.2% on the day Thursday. So far Malafronte is in the green, up about 5.9% on their purchase based on today's trading high of $38.10.
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