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 ARMOUR Residential REIT, a filing with the SEC revealed that on Thursday, Chairman of the Board Daniel C. Staton bought 10,000 shares of ARR, for a cost of $19.86 each, for a total investment of $198,570. ARMOUR Residential REIT Inc. is trading off about 1.8% on the day Monday.
And at Oncocyte, there was insider buying on Wednesday, by Chief Financial Officer Andrea S. James who bought 33,670 shares for a cost of $2.97 each, for a total investment of $100,000. This purchase marks the first one filed by James in the past twelve months. Oncocyte is trading up about 7.3% on the day Monday. James was up about 4.4% on the buy at the high point of today's trading session, with OCX trading as high as $3.10 at last check today.
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