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 Sonida Senior Living, a filing with the SEC revealed that on Friday, Michael Simanovsky bought 42,111 shares of SNDA, at a cost of $21.32 each, for a total investment of $897,835. So far Simanovsky is in the green, up about 5.6% on their purchase based on today's trading high of $22.52. Sonida Senior Living is trading up about 0.9% on the day Tuesday. Before this latest buy, Simanovsky bought SNDA on 2 other occasions during the past twelve months, for a total cost of $3.98M at an average of $24.60 per share.
And at Cosmos Health, there was insider buying on Monday, by Chief Executive Officer Grigorios Siokas who bought 163,666 shares at a cost of $0.61 each, for a trade totaling $100,000. Before this latest buy, Siokas purchased COSM on 2 other occasions during the past year, for a total investment of $199,806 at an average of $0.63 per share. Cosmos Health is trading up about 2.3% on the day Tuesday. So far Siokas is in the green, up about 10.5% on their purchase based on today's trading high of $0.67.
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