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 one noteworthy recent insider buy.
And at Bankwell Financial Group, there was insider buying on Friday, by Director Lawrence B. Seidman who bought 10,000 shares for a cost of $66.63 each, for a trade totaling $666,254. Before this latest buy, Seidman bought BWFG on 14 other occasions during the past year, for a total cost of $3.83M at an average of $46.60 per share. Bankwell Financial Group is trading up about 0.8% on the day Monday.
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