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.
And on Friday, William Paul Livek bought $90,174 worth of Red Violet, buying 4,900 shares at a cost of $18.40 a piece. Red Violet is trading down about 5.2% on the day Tuesday. Investors are able to bag RDVT at a price even lower than Livek did, with the stock changing hands as low as $17.40 at last check today -- that's 5.5% below Livek's purchase price.
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