Wednesday 5/7 Insider Buying Report: GEO, RNR

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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 GEO Group ( GEO ), a filing with the SEC revealed that on Friday, CEO George C. Zoley bought 46,901 shares of GEO, at a cost of $33.79 each, for a total investment of $1.58M. So far Zoley is in the green, up about 2.5% on their purchase based on today's trading high of $34.64. GEO Group is trading up about 1.2% on the day Wednesday. This buy marks the first one filed by Zoley in the past year.

And on Monday, Director Brian Gerald John Gray purchased $507,600 worth of RenaissanceRe Holdings ( RNR ), purchasing 5,000 shares at a cost of $101.52 each. RenaissanceRe Holdings is trading up about 1.4% on the day Wednesday. So far Gray is in the green, up about 1.4% on their purchase based on today's trading high of $102.99.

Wednesday 5/7 Insider Buying Report: GEO, RNR VIDEO: Wednesday 5/7 Insider Buying Report: GEO, RNR



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: GEO , RNR

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