Credit: Shutterstock photoAs 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.
On Wednesday, Armada Hoffler Properties ( AHH )'s President, CEO, Louis S. Haddad, made a $222,300 purchase of AHH, buying 15,000 shares at a cost of $14.82 each. Haddad was up about 1.0% on the purchase at the high point of today's trading session, with AHH trading as high as $14.97 at last check today. Armada Hoffler Properties is trading up about 1.3% on the day Monday. Before this latest buy, Haddad made one other purchase in the past twelve months, buying $197,550 shares for a cost of $13.17 a piece.
And also on Wednesday, EVP, Production Erin R. Centofanti bought $175,200 worth of EQT Corp ( EQT ), buying 10,000 shares at a cost of $17.52 a piece. Before this latest buy, Centofanti made one other purchase in the past twelve months, buying $198,420 shares for a cost of $33.07 each. EQT Corp is trading up about 0.9% on the day Monday. So far Centofanti is in the green, up about 4.8% on their purchase based on today's trading high of $18.36.
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.
