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.
At Neonode ( NEON ), a filing with the SEC revealed that on Monday, CEO Bjorn Thomas Eriksson purchased 100,000 shares of NEON, for a cost of $3.07 each, for a total investment of $307,000. Neonode Inc is trading off about 10.8% on the day Monday. Before this latest buy, Eriksson purchased NEON on 2 other occasions during the past year, for a total investment of $189,305 at an average of $5.41 per share.
And at Comfort Systems USA ( FIX ), there was insider buying on Wednesday, by Director Vance W. Tang who bought 7,000 shares for a cost of $15.82 each, for a total investment of $110,740. This purchase marks the first one filed by Tang in the past twelve months. Comfort Systems USA is trading off about 2.3% on the day Monday. So far Tang is in the green, up about 4.2% on their purchase based on today's trading high of $16.48.
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.
