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 Rocky Mountain Chocolate Factory, a filing with the SEC revealed that on Thursday, Jeffrey Richart Geygan purchased 107,041 shares of RMCF, for a cost of $4.09 each, for a total investment of $437,862. Geygan was up about 6.0% on the buy at the high point of today's trading session, with RMCF trading as high as $4.34 at last check today. Rocky Mountain Chocolate Factory is trading up about 5.7% on the day Friday. Before this latest buy, Geygan bought RMCF on 11 other occasions during the past year, for a total investment of $637,945 at an average of $5.02 per share.
And on Monday, Director Valerie B. Jarrett bought $99,993 worth of Walgreens Boots Alliance, buying 4,456 shares at a cost of $22.44 a piece. This buy marks the first one filed by Jarrett in the past year. Walgreens Boots Alliance is trading off about 2.1% on the day Friday. So far Jarrett is in the green, up about 2.8% on their buy based on today's trading high of $23.07.
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