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 Intrexon (
), a filing with the SEC revealed that on Tuesday, SVP--Health
Sector, Gregory Ian Frost bought 100,000 shares of XON, at a cost
of $25.95 each, for a total investment of $2.59M. So far Frost is
in the green, up about 7.3% on their purchase based on today's
trading high of $27.84. Intrexon is trading up about 5.2% on the
And on Friday, Director Jaynie M. Studenmund bought $331,320 worth
of CoreLogic (
), buying 10,064 shares at a cost of $32.92 each. CoreLogic is
trading up about 1% on the day Wednesday. Studenmund was up about
2.6% on the purchase at the high point of today's trading session,
with CLGX trading as high as $33.79 at last check today.
VIDEO: Wednesday 3/5 Insider Buying Report: XON,