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 Crown Castle International Corp ( CCI ), a filing with the SEC revealed that on Wednesday, Director J. Landis Martin bought 9,900 shares of CCI, at a cost of $110.14 each, for a total investment of $1.09M. Crown Castle International Corp is trading up about 0.6% on the day Thursday. This buy marks the first one filed by Martin in the past twelve months.
And on Tuesday, CEO Michael G. Barrett purchased $342,000 worth of Rubicon Project ( RUBI ), purchasing 100,000 shares at a cost of $3.42 a piece. Rubicon Project is trading up about 7.5% on the day Thursday. Barrett was up about 6.1% on the purchase at the high point of today's trading session, with RUBI trading as high as $3.63 in trading on 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.
