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 Air Lease ( AL ), a filing with the SEC revealed that on Thursday, COO John L. Plueger bought 10,000 shares of AL, for a cost of $37.98 each, for a total investment of $379,752. Air Lease Corp is trading up about 1.1% on the day Friday. This purchase marks the first one filed by Plueger in the past twelve months.
And at Beazer Homes USA ( BZH ), there was insider buying on Thursday, by Director Stephen P. Zelnak Jr. who bought 17,000 shares at a cost of $18.78 each, for a total investment of $319,235. This buy marks the first one filed by Zelnak Jr. in the past twelve months. Beazer Homes USA is trading up about 2.4% on the day Friday. Zelnak Jr. was up about 3.0% on the buy at the high point of today's trading session, with BZH trading as high as $19.35 at last check today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
