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, Keurig Dr Pepper's Director, Peter Harf, made a $5M purchase of KDP, buying 171,821 shares at a cost of $29.10 a piece. So far Harf is down about 0.4% on the buy, with shares changing hands as low as $28.98 at last check today. Keurig Dr Pepper is trading up about 0.2% on the day Friday.
And at Snowflake, there was insider buying on Wednesday, by Director Mark D. McLaughlin who purchased 3,030 shares for a cost of $165.45 each, for a total investment of $501,314. Before this latest buy, McLaughlin made one other purchase in the past twelve months, buying $299,918 shares for a cost of $163.80 each. Snowflake is trading up about 0.2% on the day Friday. So far McLaughlin is in the green, up about 2.7% on their purchase based on today's trading high of $169.84.
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