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 Apache, a filing with the SEC revealed that on Monday, CEO and President John J. Christmann bought 3,900 shares of APA, for a cost of $43.63 each, for a total investment of $170,173. Apache is trading off about 1.6% on the day Friday.
And on Wednesday, Director Bates Ann Torre purchased $156,960 worth of Ares Capital, purchasing 9,000 shares at a cost of $17.44 each. Ares Capital is trading up about 0.2% on the day Friday.
For MarketNewsVideo.com, I'm Sayoko Murase.