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 Berkshire Hathaway, a filing with the SEC revealed that on Thursday, Vice Chair Gregory Abel bought 23 shares of BRK.A, at a cost of $408005.87 each, for a total investment of $9.38M. Abel was up about 3.9% on the buy at the high point of today's trading session, with BRK.A trading as high as $423810.00 in trading on Tuesday. Berkshire Hathaway is trading up about 2.1% on the day Tuesday. Before this latest buy, Abel bought BRK.A on 3 other occasions during the past year, for a total investment of $58.95M at an average of $406527.08 per share.
And at MillerKnoll, there was insider buying on Monday, by CEO Andrea Owen who purchased 60,606 shares at a cost of $16.88 each, for a total investment of $1.02M. MillerKnoll is trading up about 8.3% on the day Tuesday. So far Owen is in the green, up about 9.8% on their buy based on today's trading high of $18.54.
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