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.
On Thursday, PNC Financial Services Group ( PNC )'s Director, Charles E. Bunch, made a $122,790 buy of PNC, purchasing 1,000 shares at a cost of $122.79 each. So far Bunch is in the green, up about 1.9% on their purchase based on today's trading high of $125.13. PNC Financial Services Group is trading up about 1.5% on the day Monday. Before this latest buy, Bunch made one other buy in the past twelve months, purchasing $87,805 shares for a cost of $87.81 each.
And at Brandywine Realty Trust ( BDN ), there was insider buying on Wednesday, by Director H. Richard Haverstick Jr. who purchased 7,500 shares at a cost of $15.98 each, for a total investment of $119,868. Brandywine Realty Trust is trading trading flat on the day Monday. Haverstick Jr. was up about 3.2% on the buy at the high point of today's trading session, with BDN trading as high as $16.49 in trading on Monday.
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