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 Spire, a filing with the SEC revealed that on Monday, Paul D. Koonce purchased 1,000 shares of SR, for a cost of $73.61 each, for a total investment of $73,610. Investors can grab SR at a price even lower than Koonce did, with the stock trading as low as $72.03 in trading on Tuesday -- that's 2.1% under Koonce's purchase price. Spire is trading trading flat on the day Tuesday. Before this latest buy, Koonce bought SR on 2 other occasions during the past year, for a total cost of $57,997 at an average of $62.70 per share.
And at Coherent, there was insider buying on Monday, by CEO & President James Robert Anderson who bought 500 shares for a cost of $102.72 each, for a trade totaling $51,360. Before this latest buy, Anderson purchased COHR on 3 other occasions during the past year, for a total investment of $123,949 at an average of $82.63 per share. Coherent is trading up about 2.4% on the day Tuesday. So far Anderson is in the green, up about 4.3% on their purchase based on today's trading high of $107.16.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.3%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.3%.
ValueForum has been a life changer for me. 
Free Email Alerts By Stock:
Launch related slideshow:
Wednesday 1/22 Insider Buying Report: GS, DHY
Tuesday 1/21 Insider Buying Report: AVIR, MKZR
Tuesday 1/21 Insider Buying Report: STZ, RXST
Nasdaq 100 Movers: TTD, NFLX
S&P 500 Movers: TXT, NFLX
Dow Movers: JNJ, NVDA
Dow Analyst Moves: MCD
S&P 500 Analyst Moves: JBL
Dow Analyst Moves: Visa
Wednesday Sector Laggards: Water Utilities, Gas Utilities
Wednesday Sector Leaders: Computer Peripherals, Computers
Tuesday Sector Laggards: Education & Training Services, Transportation Services
Wednesday's ETF with Unusual Volume: PABU
Wednesday's ETF Movers: URA, APIE
FESM, TOLL: Big ETF Inflows
Daily Dividend Report: CMCO,CDRE,OGS,FBP,SYF
Daily Dividend Report: ASH,LNT,SLG,HBAN,DHI
Daily Dividend Report: WEC,KEY,FAST,ED,VLO
Fed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: August 14, 2015
Weekly Market Wrap: August 7, 2015
Weekly Market Wrap: July 31, 2015
Week Ahead Market Report: June 8, 2015
Week Ahead Market Report: May 18, 2015
Week Ahead Market Report: May 4, 2015