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, Sunoco's Director, David K. Skidmore, made a $78,144 buy of SUN, purchasing 1,500 shares at a cost of $52.10 each. Skidmore was up about 7.2% on the buy at the high point of today's trading session, with SUN trading as high as $55.83 in trading on Monday. Sunoco is trading up about 0.5% on the day Monday. This buy marks the first one filed by Skidmore in the past twelve months.
VIDEO: Monday 4/22 Insider Buying Report: SUN
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