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, Ault Global Holdings' Executive Chairman, Milton C. Ault III, made a $3.62M buy of DPW, purchasing 1,500,000 shares at a cost of $2.41 a piece. Ault III was up about 7.5% on the buy at the high point of today's trading session, with DPW trading as high as $2.59 in trading on Friday. Ault Global Holdings is trading up about 2.4% on the day Friday. Before this latest buy, Ault III bought DPW on 14 other occasions during the past year, for a total investment of $3.07M at an average of $2.69 per share.
And at Apartment Investment & Management, there was insider buying on Thursday, by Director Terry Considine who purchased 305,375 shares at a cost of $6.92 each, for a trade totaling $2.11M. Before this latest buy, Considine purchased AIV at 3 other times during the past twelve months, for a total cost of $5.19M at an average of $5.77 per share. Apartment Investment & Management is trading up about 4% on the day Friday. So far Considine is in the green, up about 3.4% on their purchase based on today's trading high of $7.16.
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