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 VF Corp. (NYSE:VFC), a filing with the SEC revealed that on Friday, President & CEO Bracken Darrell purchased 65,360 shares of VFC, for a cost of $15.38 each, for a total investment of $1.01M. So far Darrell is in the green, up about 11.2% on their purchase based on today's trading high of $17.11. VF Corp. is trading up about 11% on the day Monday. This purchase marks the first one filed by Darrell in the past twelve months.
And at Estee Lauder Cos. (NYSE:EL), there was insider buying on Wednesday, by Director Jennifer Hyman who bought 1,350 shares for a cost of $146.70 each, for a total investment of $198,045. Estee Lauder Cos., Inc. is trading up about 2.1% on the day Monday.
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