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 Tuesday, Catalyst Bancorp's Director, Ted D. Bellard, made a $250,000 purchase of CLST, buying 25,000 shares at a cost of $10.00 each. So far Bellard is in the green, up about 38.5% on their buy based on today's trading high of $13.85. Catalyst Bancorp is trading up about 1.3% on the day Thursday. This buy marks the first one filed by Bellard in the past year.
And on Wednesday, Director Douglas Kass purchased $16,536 worth of Aspen Group, purchasing 3,000 shares at a cost of $5.51 a piece. Before this latest buy, Kass purchased ASPU at 6 other times during the past year, for a total cost of $203,232 at an average of $5.41 per share. Aspen Group Inc is trading up about 1.5% on the day Thursday.
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