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 Celsion, a filing with the SEC revealed that on Thursday, Director Frederick J. Fritz bought 20,000 shares of CLSN, for a cost of $0.88 each, for a total investment of $17,600. Fritz was up about 2.8% on the buy at the high point of today's trading session, with CLSN trading as high as $0.91 at last check today. Celsion is trading up about 3% on the day Friday.
And on Wednesday, Director Arnold Ursaner purchased $15,165 worth of Volt Information Sciences, purchasing 4,497 shares at a cost of $3.37 each. Before this latest buy, Ursaner purchased VOLT on 3 other occasions during the past twelve months, for a total cost of $50,726 at an average of $3.72 per share. Volt Information Sciences is trading down about 0.6% on the day Friday. Ursaner was up about 8.2% on the purchase at the high point of today's trading session, with VOLT trading as high as $3.65 in trading on Friday.
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