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 Monday, Director George A. Borba Jr. bought $620,593 worth of CVB Financial, buying 38,810 shares at a cost of $15.99 each. Before this latest buy, Borba Jr. bought CVBF at 4 other times during the past twelve months, for a total cost of $10.98M at an average of $17.54 per share. CVB Financial is trading down about 0.2% on the day Thursday. So far Borba Jr. is in the green, up about 3.8% on their buy based on today's trading high of $16.60.
VIDEO: Thursday 6/20 Insider Buying Report: CVBF
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