Thursday 6/12 Insider Buying Report: JIVE
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.