Thursday 5/1 Insider Buying Report: ASTE, IKNX

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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.

At Astec Industries ( ASTE ), a filing with the SEC revealed that on Wednesday, Director William Glenwood Dorey purchased 5,000 shares of ASTE, at a cost of $39.81 each, for a total investment of $199,050. Astec Industries is trading off about 0.9% on the day Thursday. This buy marks the first one filed by Dorey in the past twelve months.

And on Monday, Joseph R. Nerges purchased $117,577 worth of Ikonics Corp ( IKNX ), purchasing 4,687 shares at a cost of $25.09 each. Before this latest buy, Nerges bought IKNX at 6 other times during the past year, for a total cost of $319,907 at an average of $15.12 per share. Ikonics Corp is trading up about 0.7% on the day Thursday. So far Nerges is in the green, up about 15.2% on their purchase based on today's trading high of $28.89.

Thursday 5/1 Insider Buying Report: ASTE, IKNX VIDEO: Thursday 5/1 Insider Buying Report: ASTE, IKNX



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: ASTE , IKNX

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