Wednesday 3/26 Insider Buying Report: SANW, VRX

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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.

On Friday, S&W Seed ( SANW )'s Director, Grover T. Wickersham, made a $1.03M purchase of SANW, buying 150,000 shares at a cost of $6.87 a piece. So far Wickersham is in the green, up about 7.6% on their buy based on today's trading high of $7.39. S&W Seed is trading up about 0.4% on the day Wednesday. Before this latest buy, Wickersham bought SANW on 3 other occasions during the past twelve months, for a total cost of $1.29M at an average of $6.12 per share.

And also on Friday, EVP, Company Group Chairman Laizer Kornwasser purchased $334,859 worth of Valeant Pharmaceuticals International ( VRX ), purchasing 2,481 shares at a cost of $134.97 a piece. Before this latest buy, Kornwasser bought VRX on 4 other occasions during the past year, for a total investment of $1.16M at an average of $110.22 per share. Valeant Pharmaceuticals International is trading up about 1.1% on the day Wednesday. Investors can snag VRX even cheaper than Kornwasser did, with the stock trading as low as $131.28 at last check today -- that's 2.7% under Kornwasser's purchase price.

Wednesday 3/26 Insider Buying Report: SANW, VRX VIDEO: Wednesday 3/26 Insider Buying Report: SANW, VRX



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: SANW , VRX

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