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 one noteworthy recent insider buy.
On Tuesday, Smith Douglas Homes', Brett Allen Steele, made a $105,000 buy of SDHC, purchasing 5,000 shares at a cost of $21.00 a piece. So far Steele is in the green, up about 18.5% on their buy based on today's trading high of $24.89. Smith Douglas Homes is trading off about 0.3% on the day Friday.
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