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 Thor Industries (THO), a filing with the SEC revealed that on Tuesday, Chief Exec. and Pres. Robert W. Martin bought 10,000 shares of THO, for a cost of $58.82 each, for a total investment of $588,200. Martin was up about 7.8% on the purchase at the high point of today's trading session, with THO trading as high as $63.41 at last check today. Thor Industries is trading up about 4.2% on the day Thursday. This purchase marks the first one filed by Martin in the past twelve months.
And at Dorchester Minerals LP (DMLP), there was insider buying on Monday, by Minerals Operating LP Dorchester who bought 3,000 shares for a cost of $17.87 each, for a trade totaling $53,624. Before this latest buy, Dorchester purchased DMLP on 5 other occasions during the past year, for a total investment of $597,262 at an average of $18.33 per share. Dorchester Minerals LP is trading up about 0.9% on the day Thursday. Dorchester was up about 3.4% on the purchase at the high point of today's trading session, with DMLP trading as high as $18.49 in trading on Thursday.
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