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.
At Oracle, a filing with the SEC revealed that on Thursday, Director Rona Alison Fairhead bought 2,277 shares of ORCL, at a cost of $96.02 each, for a total investment of $218,640. So far Fairhead is in the green, up about 1.2% on their purchase based on today's trading high of $97.22. Oracle is trading up about 0.2% on the day Tuesday. Before this latest buy, Fairhead bought ORCL at 2 other times during the past twelve months, for a total investment of $798,430 at an average of $69.26 per share.
For MarketNewsVideo.com, I'm Sayoko Murase.