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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 Tuesday, PJT Partners' CEO, Paul J. Taubman, made a $1.04M buy of PJT, purchasing 35,000 shares at a cost of $29.73 each. Taubman was up about 3.7% on the purchase at the high point of today's trading session, with PJT trading as high as $30.84 at last check today. PJT Partners is trading up about 1% on the day Wednesday. Before this latest buy, Taubman purchased PJT at 5 other times during the past twelve months, for a total investment of $7.86M at an average of $21.53 per share.

And at American Axle & Manufacturing Holdings, there was insider buying on Monday, by CEO David C. Dauch who purchased 50,000 shares for a cost of $14.47 each, for a total investment of $723,361. This purchase marks the first one filed by Dauch in the past year. American Axle & Manufacturing Holdings is trading down about 0.4% on the day Wednesday. Dauch was up about 6.3% on the purchase at the high point of today's trading session, with AXL trading as high as $15.38 in trading on Wednesday.

For MarketNewsVideo.com, I'm Sayoko Murase.