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 First Financial Northwest, a filing with the SEC revealed that on Wednesday, Director Kevin D. Padrick bought 17,540 shares of FFNW, for a cost of $15.05 each, for a total investment of $263,911. First Financial Northwest is trading up about 1.4% on the day Thursday. Before this latest buy, Padrick purchased FFNW at 7 other times during the past year, for a total cost of $710,142 at an average of $15.03 per share.
And on Tuesday, Director Martin Charles Faulkes bought $246,134 worth of VolitionRx, buying 79,269 shares at a cost of $3.10 a piece. Before this latest buy, Faulkes made one other buy in the past twelve months, purchasing $213,608 shares at a cost of $3.02 each. VolitionRx is trading down about 0.7% on the day Thursday. Bargain hunters are able to buy VNRX even cheaper than Faulkes did, with the stock trading as low as $2.90 in trading on Thursday which is 6.6% below Faulkes's purchase price.
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