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.
At Ensign Group, a filing with the SEC revealed that on Thursday, Director John G. Nackel bought 1,352 shares of ENSG, at a cost of $18.00 each, for a total investment of $24,333. So far Nackel is in the green, up about 5.8% on their purchase based on today's trading high of $19.04. Ensign Group is trading up about 2.2% on the day Monday. This buy marks the first one filed by Nackel in the past year.