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 Tuesday, Jive Software ( JIVE )'s CEO, Anthony Zingale, made a $755,490 buy of JIVE, purchasing 100,000 shares at a cost of $7.55 a piece. So far Zingale is in the green, up about 10.5% on their purchase based on today's trading high of $8.35. Jive Software is trading up about 2.5% on the day Thursday.
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.
