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 Williams Cos (
), a filing with the SEC revealed that on Monday, Director Murray
D. Smith bought 4,650 shares of WMB, at a cost of $40.79 each, for
a total investment of $189,690. Williams Cos is trading down about
0.7% on the day Wednesday. Before this latest buy, Smith made one
other purchase in the past year, buying $106,770 shares for a cost
of $35.59 each.
And also on Monday, CFO Geoffrey M. Parker bought $100,533 worth of
Anacor Pharmaceuticals (
), buying 5,000 shares at a cost of $20.11 each. Before this latest
buy, Parker purchased ANAC on 6 other occasions during the past
twelve months, for a total investment of $958,420 at an average of
$8.30 per share. Anacor Pharmaceuticals is trading up about 1.2% on
the day Wednesday.
VIDEO: Wednesday 3/26 Insider Buying Report: WMB,