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 Wednesday, Chief Operating Officer Harjinder Bajwa bought $522,500 worth of Ultra Clean Holdings, buying 15,000 shares at a cost of $34.83 a piece. Before this latest buy, Bajwa made one other buy in the past twelve months, purchasing $83,325 shares at a cost of $33.33 a piece. Ultra Clean Holdings is trading up about 2.9% on the day Monday.
VIDEO: Monday 11/18 Insider Buying Report: UCTT
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