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 Monday, Heritage Insurance Holdings's Director, James Masiello, made a $259,104 buy of HRTG, purchasing 20,000 shares at a cost of $12.96 a piece. So far Masiello is in the green, up about 5.2% on their buy based on today's trading high of $13.63. Heritage Insurance Holdings is trading up about 3.9% on the day Thursday. This purchase marks the first one filed by Masiello in the past year.
And also on Monday, Director Mark Stephen Gold purchased $246,862 worth of ViewRay, purchasing 83,682 shares at a cost of $2.95 each. This buy marks the first one filed by Gold in the past year. ViewRay is trading up about 0.3% on the day Thursday.
For MarketNewsVideo.com, I'm Sayoko Murase.