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 Barnes Group, a filing with the SEC revealed that on Tuesday, CEO Thomas J. Hook purchased 27,500 shares of B, for a cost of $36.27 each, for a total investment of $997,295. Barnes Group is trading up about 4.5% on the day Thursday.
And on Monday, CEO Patrick P. Gelsinger bought $248,647 worth of Intel, buying 8,830 shares at a cost of $28.16 a piece. Before this latest buy, Gelsinger purchased INTC on 3 other occasions during the past twelve months, for a total cost of $994,228 at an average of $38.39 per share. Intel is trading up about 0.9% on the day Thursday. Bargain hunters can bag INTC at a price even lower than Gelsinger did, with shares trading as low as $27.17 in trading on Thursday which is 3.5% under Gelsinger's purchase price.
For MarketNewsVideo.com, I'm Sayoko Murase.