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 Friday, PQ Group Holdings's Director, Jonny Ginns, made a $199,925 purchase of PQG, buying 13,112 shares at a cost of $15.25 each. PQ Group Holdings is trading up about 1.7% on the day Tuesday.
And at Cloudera, there was insider buying on Thursday, by Director Michael A. Stankey who bought 10,000 shares for a cost of $11.55 each, for a trade totaling $115,500. Before this latest buy, Stankey made one other buy in the past year, purchasing $324,848 shares at a cost of $12.99 a piece. Cloudera is trading up about 0.5% on the day Tuesday. Bargain hunters have the opportunity to buy CLDR at a price even lower than Stankey did, with the stock trading as low as $11.02 in trading on Tuesday — that's 4.6% under Stankey's purchase price.
For MarketNewsVideo.com, I'm Sayoko Murase.